KUALA LUMPUR (Jan 14): OGX Group Bhd, an IT infrastructure solutions provider, has appointed UOB Kay Hian (M) Sdn Bhd as underwriter for its upcoming ACE Market initial public offering (IPO), which will involve 150 million new shares or 20% of its enlarged share capital. Of the 150 million new shares, 37.5 million will be allocated to the Malaysian public, 18.75 million reserved for eligible persons, and 75 million placed out to selected investors. The remaining 18.75 million shares will be placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry. Post-IPO, Ting Fong’s stake will be diluted to 35.7% from 51%, while Suan Loong’s shareholding will fall to 34.3% from 49%. UOB Kay Hian is the principal adviser, sponsor, underwriter and placement agent for the IPO.

Source: The Edge Markets January 14, 2026 09:51 UTC