Signature Alliance Group Bhd (SAG) (Not Rated) has signed an underwriting agreement with M & A Securities Sdn Bhd and Affin Hwang Investment Bank Bhd (AHIBB) for its listing on the ACE Market of Bursa Malaysia Securities Bhd. The premier interior fitting-out specialist said its initial public offering (IPO) would involve a public issue of 260mn new shares, representing 26.0% of its enlarged share capital of one billion shares upon listing. No existing shares will be offered for sale. Of the 260mn new shares, 50mn will be offered to the Malaysian public via balloting, while 30mn will be allocated to eligible directors, employees of the SAG Group, and individuals who have contributed to its success under the pink form allocations. (The Star)