KUALA LUMPUR: OGX Group Bhd, an IT infrastructure solutions specialist operating under a brand-centric model, signed an underwriting agreement with UOB Kay Hian (M) Sdn Bhd, the principal adviser, sponsor, underwriter, and placement agent, in conjunction with its upcoming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia.
OGX Group’s IPO involves the issuance of 150.0 million new ordinary shares, representing 20.0% of its enlarged issued share capital.
Of that, 37.5 million shares are for application by the Malaysian public, while 18.75 million shares are for eligible directors, senior management, employees, and other contributors to the group’s success.
Further, 75.0 million shares to be placed with identified institutional and selected investors, and 18.75 million shares to be placed with identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti).
In addition, the IPO includes an offer for sale of 75.0 million existing shares, representing 10.0% of the enlarged issued share capital.
These shares will be allocated via private placement to identified Bumiputera investors approved by Miti.
OGX Group non-independent non-executive chairman Tan Ting Fong said this encouraging start marks a meaningful chapter in the company’s journey.
“It underscores the confidence placed in our company by our advisers and partners, underpinned by OGX Group’s business model, which has been built with the aim of having no single point of failure through a carefully curated portfolio of brands that anchor our operations.
“Supported by long-term growth prospects, we believe that our IPO will further strengthen OGX Group’s competitive position and expand the company’s capacity to pursue broader and more strategic opportunities in the years ahead,” he said in a statement.
OGX Group specialise in delivering IT infrastructure solutions, with a strong focus on network, cybersecurity, and enterprise data centre technologies
within a brand-centric ecosystem.
With a diverse portfolio of 18 specialised products, the group is well positioned to cater to a wide range of customer requirements across various industries and operating environments.
Additionally, OGX Group works mainly with other businesses (B2B) and provides system integrators with complete solutions that come with product warranties and dedicated support services.
This brand-centric strategy of OGX Group reflects the confidence brand principals place in the group and reinforces its standing as a reliable authorised distributor.
With an established track record spanning 19 years in the IT infrastructure solutions industry since commencing operations in 2007, OGX Group has cultivated long-standing relationships built on consistent execution, reliability, and trust.
Executive director and managing director Tan Suan Loong said the signing of the underwriting agreement represents a significant step forward towards the company’s listing on the ACE Market.
“Operating under a brand-centric model, we work closely with 18 established global IT infrastructure brands to deliver reliable, secure and scalable solutions across network, cybersecurity and enterprise data centre infrastructure.
“Over the years, OGX Group has been built with a clear sense of purpose, and this purpose continues to guide how we support system integrators in meeting the ever-evolving needs of end users across a wide range of industries.
“As we prepare for our listing and look ahead, we remain focused on strengthening partnerships with our brand principals and system integrators, investing in our people and building a sustainable brand-centric business model supports our next phase of development, anchored in Malaysia and positioned to pursue opportunities both domestically and beyond, in line with the evolving digital
economy,” he said.
