Pantech Global Berhad has signed an underwriting agreement with Alliance Islamic Bank Berhad for its proposed initial public
offering on the Main Market of Bursa Malaysia Securities Berhad.

The company through its subsidiaries, manufacture and export butt weld pipe fittings and stainless steel welded pipes for use in various industries such as oil and gas, petrochemical, chemical, semiconductor, water treatment and shipbuilding which require piping and pipeline systems that can withstand high temperatures, high pressure, corrosive substances and harsh environments.
"We are pleased to take this important step towards our listing on the Main Market of Bursa Securities, positioning us for future business growth. The proposed listing will elevate our profile as a Malaysian manufacturer and exporter, reinforcing confidence in our technical expertise, production capabilities, and commitment to delivering high-quality solutions to global industries," Group Managing Director of Pantech Global Adrian Tan said.

The IPO entails the issuance of 262,228,000 new ordinary shares, representing 30.85% of the Company's enlarged issued share capital of 850,000,000 shares upon listing.

It is slated to debut on the Main Market of Bursa Securities in the first quarter of 2025 with AIS as the Principal Adviser, Underwriter, and Placement Agent.