X2 Consolidators Networks

January 9 2024

AGX inks IPO underwriting deal with TA Securities

Our X2 Elite and X2 Consolidators, AGX Group Bhd has teamed up with TA Securities Holdings Bhd for its inaugural public offering (IPO) on Bursa Malaysia's ACE Market.

The IPO involves issuing 96.5 million new shares to the public and selling 30 million existing shares. TA Securities will underwrite 21.65 million public issue shares available via balloting, while 6.32 million shares will go to AGB's eligible directors and employees. Additionally, 68.53 million shares will be privately placed with selected investors.

AGX Group specializes in third-party logistics (3PL) services like sea and air freight forwarding, warehousing, and road freight transportation through its subsidiaries across several countries.

The IPO funds will fuel local and international expansion, including setting up new facilities in Penang and Johor Bahru and establishing an office in Busan, South Korea. Part of the funds will cover working capital, loan repayments, and listing expenses.

AGB's CEO, Datuk Ponnudorai Periasamy, aims for their listing status to fortify their regional presence and enhance credibility, especially in aerospace logistics for airlines in the region. TA Securities serves as the sole underwriter, principal adviser, sponsor, and placement agent for AGB’s IPO.

Contact the AGX Logistics (Malaysia) Sdn Bhd team for more information:

https://x2elite.com/member_profile?id=10042

https://www.x2consolidators.com/member_profile?id=10042

Read All News

Member Testimonials

Peter K. Mathew

Fleet Line Shipping Services L.L.C. U.A.E.

X2 always thrives on raising the bar when it comes to connecting people. X2 conferences are one of a kind! As the founding member, we are happy to be in X2 Elite and the X2 Projects Network.

Nils Wittorf

V.Alexander Transport Systems GMBH

"We believe in limiting memberships to a minimum and have found our home for projects as well as general cargo within the X2 family."

Seymour Naideau

Freight Sense Inc.

I've been in the business for over 30 years, I have never had or experienced such and effort by the management team of the network to get members to participate and make their membership work for them.

Gary Wilcox

JAG-UFS (INTL) LTD

The professionalism and organisation shown from the X2 team totally blew us away.

Tony Coker

Express Handling Services

Richard is an innovator, what I find great working with him is that he can see the future.

Younes El Ouali

Transports Internationaux Philippe Peschaud

I was positively surprised from the amazing organization and specially the commitment of all X2 Team making this event incredible for everybody and in all complete fields.

Adrian Radulescu

ADD Cargo SRL

We have to skip the networks that are founded only for the benefits of the founders Quality and not quantity.

Andrew Grima

ICAL International Customs and Logistics PTY LTD.

We found the best way to build trust is to go to the conference and meet with people, talk to them and get to know them.

Michael Muntean

V. Alexander & Co., Inc.

As a new member of the X2 Network, we are very impressed by the organization and its professionalism and focus on mutual business development. X2 has already given us some great opportunities to work with likeminded partners across the globe on both project and general cargo.

Colin McKinlay

RA Logistics

Great energy and drive throughout the X2 Team and high profile Network agents to complement each other’s business across the globe and help achieve positive results. Keep up the good work!

Brian C. Wills

Sobel Network Shipping Co. Inc.

X2 is like a family! We have met so many amazing partners. There has been so much success with the relationships we have developed throughout the years and most importantly friendships that will last a lifetime. And we love the networks' reach!

Balaji Nagarajan

Affreighter Logistics Pvt. Ltd.

We have been a member of X2 since 2014 and have attended six conferences. Richard and his passion for the network with his enthusiastic team have arranged all the conferences perfectly considering every single detail. We made many friends and found new global partners to work with at the conferences. X2 is one of the good solutions for our needs and we hereby thank them for their efforts.

Orel Hershkovitch

ISLINE

I have attended a lot of networks and annual meetings in the freight industry, but I have never come across a network like X2. This is another level. It is a pleasure to be a part of the X2 network - the professionalism, the attention to detail, the broad and knowledgeable staff - everything at the highest level.

Jovial Le

CIMC ANDA SHUN INTERNATIONAL LOGISTICS CO .,LTD.

X2 is really an excellent logistics network, with a well-organized team that is always thoughtful and helpful. We are happy with X2 and expect a long journey together.

Hernan Wilkins

Oxen Cargo

"At X2 Network we found a group of partners that really want to build a long-term relationship. Companies are run by people that really care about your business and success. X2 Team has been really supportive and very active to develop new opportunities for your business''.

Our Partners

X2 Conference

Our special networking event is about smart freight forwarders coming together to grow and develop business within the group by providing an opportunity for all members to gather in one place to form and extend personal relationships.

X2 Conference Website