Critical Holdings Berhad signs underwriting agreement with MIDF Amanah Investment Bank Berhad for its IPO

Critical Holdings and its subsidiaries ("Group") provide mechanical, electrical and process utilities (“MEP”) engineering solutions and MEP maintenance and services for critical facilities namely, plantrooms, cleanrooms and data centres.

MIDF Investment, besides being the underwriter of Critical Holdings' IPO, is also the Principal Adviser, Sponsor and Placement Agent to Critical Holdings for this listing exercise.

The IPO entails a public issue of 74,348,000 new ordinary shares (Issue Shares) and an offer for sale of 37,173,900 existing ordinary shares of the Company. Of the 74,348,000 Issue Shares, 18,587,000 Issue Shares will be made available to the Malaysian Public via balloting, 3,717,400 Issue Shares will be allocated to the eligible directors and employees of Critical Holdings, 46,467,400 Issue Shares will be allocated for Bumiputera investors approved by the Ministry of Investment, Trade and Industry, Malaysia, and the remaining 5,576,200 Issue Shares will be allocated by way of private placement to selected investors.
Pursuant to the underwriting agreement, MIDF Investment shall underwrite 22,304,400 Issue Shares which are available for application by the Malaysian Public and Eligible Persons.

The signing of the underwriting agreement marks a significant milestone for Critical Holdings propelling the Group toward its goal of becoming a listed entity. The upcoming IPO is set to fuel the Group's expansion, inviting public involvement in its future growth. With a focus on enhancing its footprint in MEP design and engineering solutions for critical facilities across industries. The Group aims to bolster its ability to handle multiple substantial MEP Engineering Solutions projects simultaneously, maintaining the utmost standards of quality and reliability.