Skyechip Bhd. has signed an underwriting agreement with local banks for an
initial public offering to fund research and development of artificial
intelligence products. The IPO will issue 400 million new shares, representing
22.3% of its enlarged share capital, while existing shareholders will not sell
any holdings. Maybank Investment Bank Bhd. and CIMB Investment Bank Bhd. are
serving as bookrunners for the offering.