Directors Steven Lo 罗邦富 and Pei Tong Ng, and team comprising Associate Julian Lua and International Lawyer Megan Chan, advised TMK Chemical Bhd (𝗧𝗠𝗞) as Singapore legal counsel on its initial public offering (IPO) and listing on the Main Market of Bursa Malaysia Securities Berhad (Main Market).

The IPO involved a public issue of 220 million new ordinary shares of TMK comprising the (a) institutional offering of 190 million IPO Shares to institutional and selected investors, and (b) retail offering of 30 million IPO Shares to the directors of TMK, eligible employees of TMK and its subsidiaries (collectively, the Group), persons who have contributed to the success of the Group and the Malaysian public.

TMK was established in 1989 and is principally involved in the provision of total chemical management services comprising sourcing, processing and distribution of inorganic chemicals, value-added services such as quality control inspection, pre-sales and after-sales support services, as well as the provision of chemical terminal services (which encompasses bulk storage services) across Malaysia, Singapore, and Vietnam. TMK’s majority and controlling shareholder, Datuk Lee Soon Hian, is the youngest of the billionaire Lee brothers of the Malaysian plantation giant, Kuala Lumpur Kepong Bhd.

Source: Drew & Napier LLC’s LinkedIn Page