LGMS inks underwriting deal en route to IPO launch

by TMR

LGMS Bhd has appointed UOB Kay Hian Securities (M) Sdn Bhd in preparation for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement today, the cyber security services provider said the underwriting agreement fits their expansion plans.

The company is in the middle of finalising a prospectus launch in the coming weeks.

LGMS, its subsidiaries and associate company are primarily involved in cyber security assessment and penetration testing, cyber risk management and compliance, and the provision of digital forensics and incident response services. 

Executive chairman Fong Choong Fook said LGMS plans to scale up operations both within Malaysia and regionally being Singapore, Vietnam and Cambodia backed by the proceeds raised from the IPO exercise.

“Providing independent cyber security service offerings which demand an impartial approach has been a critical success factor for the LGMS group. This upholds the integrity of our services and is instrumental in building our customers’ trust and confidence. Our key clients include major financial institutions and insurance companies, multinational companies and government agencies,” he added.

LGMS’ position as the cybersecurity industry frontrunner is backed by its established track record, technical know-how and tangible action.