GB Bond Holdings Bhd has appointed Malacca Securities Sdn Bhd as the underwriter for its proposed initial public offering on the Ace Market of Bursa Malaysia.
The agreement marks a critical procedural step for the Penang-based manufacturer of industrial adhesives, which had previously secured formal listing approval from the exchange.
The company is targeting a market debut in the third quarter of 2026.
By securing an underwriter, GB Bond moves from regulatory clearance to the execution phase of its capital-raising strategy, positioning itself to tap into retail and institutional investor interest on the board designed for smaller and emerging companies.
This development follows the company's earlier announcement that it had received the necessary green light from Bursa Malaysia to proceed with the listing.
The Ace Market segment is increasingly active with small-cap listings, offering GB Bond a platform to enhance its corporate profile and access equity capital for potential expansion or balance sheet strengthening.