TA Securities to fully underwrite SKA Capital's Malaysian public share offering

SKA Capital Bhd signed a deal with TA Securities Holdings Bhd to underwrite the full public tranche of its planned listing on Bursa Malaysia's ACE Market. The offering comprises 168.08 million new shares and a sale of 72.4 million existing shares, with TA Securities guaranteeing 44.78 million new shares for the Malaysian public and 8.96 million for eligible insiders. Further allocations include 111.94 million shares to Bumiputera investors cleared by the Investment, Trade and Industry Ministry and 2.41 million shares to selected investors.

SKA Capital, through subsidiaries SKA Rekabina and Reltency Engineering, provides power-infrastructure engineering and trades electrical equipment, holding CIDB Grade G7 and TNB supplier status. Managing director Datuk Subas Kumar AL Ambairam said the listing will strengthen finances and enable larger projects amid rising electricity demand and grid modernization. TA Securities head of corporate finance Ku Mun Fong highlighted the company's credentials as a fit for Malaysia's push for more resilient power infrastructure.