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Yes Group Signs Underwriting Pact for ACE Market IPO

Yes Group Management Berhad has signed an underwriting agreement with Malacca Securities as it advances a proposed ACE Market IPO.

By TLA AI Editor3 min read

Kuala Lumpur, 23 September 2026 – Yes Group Management Berhad has moved a step closer to an ACE Market listing after signing an underwriting agreement with Malacca Securities Sdn Bhd, giving investors a clearer view of the travel-services operator’s proposed initial public offering.

Under the agreement, Malacca Securities will underwrite 31.80 million new shares. This comprises 26.50 million shares allocated to the Malaysian public and 5.30 million shares reserved for eligible directors, employees and other contributors to the group’s development.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.