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