October 08, 2003
Kuala Lumpur, 08 October 2003 - Financial solutions specialist eBworx Berhad yesterday signed placement and underwriting agreements with its adviser and lead manager, OSK Securities Bhd, for its flotation on the Mesdaq market.
eBworx will make a public issue of 50 million ordinary shares of 10 sen each at an issue price of 33 sen per share.
Signing on behalf of eBworx was its Chief Executive Officer and Chief Technology Officer Tan Suan Fong, while signing on behalf of OSK was Chief Operating Officer (Corporate Finance) Hugh Loh.
eBworx provides digital commerce solutions to the financial services industry which includes software products, technology consulting and systems integration services that enable financial institutions to improve their operational efficiency and credit risk management.
"We have the competitive edge in innovative solutions and implementation processes," Tan said in a statement, adding that eBworx was a one-stop front-end solutions provider.
The company also offered services that included ready and tested software products, business process re-engineering, network design, software deployment and security implementation, said Tan.
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