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Saturday, 17 October 2026

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SKA Capital’s ACE Market IPO Moves Forward With TA Securities Underwriting

SKA Capital has signed its ACE Market IPO underwriting agreement, but investors still need the prospectus to assess valuation, margins and capital deployment.

By TLA AI Editor3 min read

Kuala Lumpur, 5 October 2026 – SKA Capital Berhad has signed an underwriting agreement with TA Securities Holdings Berhad for its proposed listing on Bursa Malaysia’s ACE Market, moving the power-infrastructure engineering group closer to an initial public offering that will combine a public issue with a sale of existing shares.

The proposed public issue comprises 168.08 million new ordinary shares. Of that total, 44.78 million shares are earmarked for the Malaysian public, 8.96 million for eligible directors, employees and contributors, 111.94 million for Bumiputera investors approved by the Ministry of Investment, Trade and Industry, and 2.41 million for selected investors. A further 72.4 million existing shares are proposed to be offered to selected investors through private placement.

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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.