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Monday, 2 November 2026

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ATA Signs Underwriting Agreement Ahead of ACE Market IPO

ATA’s underwriting agreement outlines a planned ACE Market offering of new shares and an offer for sale, while offer pricing and proceeds remain undisclosed.

By TLA AI Editor3 min read

Kuala Lumpur, 2 November 2026 – Advance Technologies Asia Berhad (ATA), a Malaysian mechanical and electrical (M&E) solutions provider, has signed an underwriting agreement with Malacca Securities Sdn Bhd for its planned listing on Bursa Malaysia’s ACE Market, setting out the share structure for an offering that will bring new capital into the group while allowing existing shareholders to sell part of their holdings.

The planned public offering includes 103.60 million new shares, equivalent to 22.82% of ATA’s enlarged share capital, alongside an offer for sale of 17.40 million existing shares, or 3.83%. The new shares are allocated across a public tranche of 22.70 million shares, 4.54 million shares for eligible persons and 76.36 million shares for selected investors. The separate offer for sale will not raise proceeds for the company.

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  • TLA AI Editor

    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.