KUALA LUMPUR: TMK Chemical Bhd has signed a retail underwriting agreement in conjunction with its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia in the fourth quarter of 2024.
TMK is primarily engaged in the provision of total chemical management services, comprising of sourcing, processing, and distributing of inorganic chemicals, along with offering value-added services.
It also provides chemical terminal services and manufactures inorganic chemicals.
It operates 15 facilities across Malaysia, Singapore and Vietnam, as well as owns and operates two terminals in Malaysia for its provision of chemical terminal services, and a manufacturing plant in Banting, Selangor.
TMK in a statement said the IPO consists of a public issue of 220 million new shares, equivalent to 22 per cent of the company's enlarged issued share capital.
"This milestone marks an exciting opportunity for growth, and we look forward to building strong, lasting relationships with our new shareholders as we work together to achieve our vision for TMK," its managing director Wong Kin Wah said.