MALAYSIA: Alliance Islamic Bank has signed an underwriting agreement with ISF Group ahead of the company’s proposed ACE Market listing on Bursa Malaysia. Under the deal, the bank will underwrite 65 million shares offered to the public and pink form subscribers as part of the IPO, the Malaysian Reserve reported. Alliance Islamic Bank is also acting as principal adviser, sponsor, sole underwriter and placement agent for the IPO. ISF Group, led by Managing Director Jeff Ai, plans to use the proceeds to expand facilities and support rising demand from data center-related projects.
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