KUALA LUMPUR: Tuju Setia Bhd has inked an underwriting agreement with Alliance Investment Bank Bhd (AIBB) and CIMB Investment Bank Bhd for its initial public offering (IPO) on the Main Market of Bursa Malaysia. AIBB is the principal adviser to Tuju Setia’s IPO exercise, as well as joint underwriter and joint placement agent, together with CIMB. “The IPO exercise entails a public issue of 80 million new shares and offer for sale of 27 million existing shares,” the construction services company said in a statement on Tuesday. Of the 80 million new shares, 15.9 million shares will be made available for application by the Malaysian public via balloting, and 6.3 million shares will be made available for application by the group’s eligible directors, employees and persons who have contributed to the success of the group.