KUALA LUMPUR: Unique Fire Holdings Bhd has signed an underwriting agreement with Alliance Islamic Bank Bhd (AIS) for the group’s upcoming listing on the ACE Market.

       AIS is the principal adviser, sponsor, sole underwriter and placement agent for the initial public offering (IPO).

       Set up in 1997, Unique Fire is involved in the assembly, manufacture and distribution of active fire protection systems, equipment and accessories for the built environment.

       Group managing director Liew Sen Hoi said the group aims to enhance its manufacturing facilities and operational capabilities in order to expand its geographical footprint and grow its customer base.

       The IPO entails a public issue of 83.75 million new shares and an offer for sale of 30 million existing shares.