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Monday, 19 October 2026

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Emits Signs Mercury Securities Underwriting Deal Ahead of Planned ACE Market IPO

Antenna manufacturer Emits signs an underwriting agreement covering its public and Pink Form allocations ahead of a planned fourth-quarter ACE Market listing.

By TLA AI Editor3 min read

Kuala Lumpur, 19 October 2026 – Penang-based antenna manufacturer Emits Berhad has signed an underwriting agreement with Mercury Securities Sdn Bhd as it prepares for a proposed ACE Market listing in the fourth quarter of 2026, with new shares intended to support projects and product development.

The initial public offering comprises 93.754 million new ordinary shares and an offer for sale of 37.502 million existing shares. These represent 20% and 8%, respectively, of the enlarged issued capital of 468.769 million shares upon listing.

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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.