{
  "id": 12831187,
  "title": "MyDCD signs underwriting agreement with TA Securities ahead of ACE Market listing",
  "url": "https://urgent.news/2026/10/08/mydcd-signs-underwriting-agreement-with-ta-securities-ahead-of-ace",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:18:11.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1550616/mydcd-signs-underwriting-agreement-ta-securities-ahead-ace"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: MyDCD Bhd has entered into an underwriting agreement with TA Securities Holdings Bhd prior to its planned listing on Bursa Malaysia's ACE Market. The company is planning to issue 335 million new ordinary shares and a 145 million share offer for sale as part of its initial public offering (IPO). Of the new shares, 89.7 million will be offered to Malaysian public via ballot, while 36 million will be made available to key personnel. Another 50.71 million shares will be offered to selected investors through private placement, with the remaining 158.59 million shares allocated to approved Bumiputera investors. TA Securities will underwrite the 89.7 million shares offered to Malaysian investors through a ballot system. MyDCD specializes in the integration of MEPF systems for critical infrastructure, particularly data centres, serving various stakeholders including operators, telecommunications companies, and government bodies. The company's services encompass engineering support, supply and installation, testing and commissioning, and maintenance. MyDCD's projects include work for Bursa Malaysia, Telekom Malaysia Bhd, Nakano Construction Sdn Bhd, Petronas group, and Binastra Builders Bhd. The company has completed MEPF system and subsystem integration projects for data centres valued at RM549.30 million from FY23 to FY25, generating about four percent of Malaysia's MEPF market in FY25. MyDCD has experience across enterprise, colocation, and hyperscale data centres, holding relevant approvals and partnerships with technology providers. The proceeds from the IPO will primarily be used for working capital, business expansion, hiring, office space rental, and staff training. MyDCD's CEO Chris Ow Yong expects the IPO to bolster the company's project and engineering capabilities, workforce expansion, and operational infrastructure, enabling it to capitalize on the growing demand for data centre infrastructure in Malaysia.",
  "summary": "KUALA LUMPUR: MyDCD Bhd has signed an underwriting agreement with TA Securities Holdings Bhd ahead of its proposed listing on Bursa Malaysia’s ACE Market.",
  "key_points": [
    "MyDCD signs underwriting agreement with TA Securities for ACE Market listing.",
    "Company plans to issue 335 million new ordinary shares and 145 million share offer for sale.",
    "89.7 million shares offered to Malaysian public via ballot system."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Result of the 29-day Variable Rate Reverse Repo (VRRR) auction held on October 08, 2026",
        "url": "https://urgent.news/2026/10/08/result-of-the-29-day-variable-rate-reverse-repo-vrrr-auction-held-on",
        "published": "2026-10-08T04:52:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}