SECUREMETRIC Bhd, a growing regional digital security technology player has executed an underwriting agreement with sole underwriter, TA Securities Holdings Bhd, in preparation for its listing on the ACE Market of Bursa Malaysia Securities Bhd.
Securemetric and its subsidiaries (the “Group”) offer digital security products and solutions across South East Asia, namely Malaysia, Vietnam, The Philippines, Indonesia, and Singapore.
Chief Executive Officer of Securemetric Edward Law expressed, “Product and solutions innovation coupled with continued focus on clients’ requirements are the driving forces behind our transformation from a security devices distributor to a regional digital security solutions player.”
“Everchanging digital technology landscape and growing incidences of cyber-attacks globally increase the need for more sophisticated and enhanced digital security system. On top of that, the growing emphasis and initiatives to increase national digital security by governments across our key markets present a robust growth opportunity for us”.
Securemetric’s IPO will involve a public issue of 68 million new ordinary shares, comprising 17 million Shares available for application by the Malaysian public, private placement of 48 million Shares to identified investors and 3 million Shares available for eligible employees of the Group.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Securemetric’s IPO.