ACE Market-bound Signature Alliance aims to raise RM161.2mil from IPO
KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd (SAG) aims to raise RM161.2 million through its initial public offering (IPO), ahead of its scheduled listing on the ACE Market of Bursa Malaysia Securities Bhd on June 5, 2025.
The IPO involves the issuance of 260 million new shares at an issue price of 62 sen per share.
Of the total proceeds, SAG said RM88 million (54.6 per cent) will be used to establish a new corporate office and production facility in Selangor to increase automation and enhance project delivery, while RM30.1 million (18.7 per cent) will be allocated for working capital to support its interior fitting-out projects.
The remainder of the funds will go towards repaying bank borrowings (RM20 million), establishing branch offices in Penang and Johor (RM12 million), acquiring machinery and equipment (RM4 million), and covering listing expenses (RM7.1 million).
Executive director and group chief executive officer Darren Chang said the expansion is necessary, as the company's existing factories in Bandar Baru Bangi and Puchong are no longer sufficient to support its growing operations.
"One of our key goals is to centralise our office operations, as we currently do not have enough space.
"The funds raised will allow us to bring everyone together under one roof, expand our production facilities, and invest in new machinery to increase our production capacity,' he said at a press conference held in conjunction with the company's prospectus launch.
Chang added that despite the underperformance of several recent ACE Market debutants due to challenging market conditions, the company is confident in its ability to deliver strong results.
In a separate statement, the company said that for the financial years ended Dec 31, 2021, to Dec 31, 2024, and up to April 16, 2025, SAG had completed 624 interior fitting-out projects, with a total value of RM391.6 million.
"As of April 16 this year, the company has 69 ongoing projects with a total contract value of RM902.4 million and unbilled contract value of RM388.6 million or 43.1 per cent of the total," it said.
The IPO is open for subscription from today to May 21, 2025.
M&A Securities Sdn Bhd is the adviser, sponsor, managing underwriter, joint underwriter and joint placement agent, while Affin Hwang Investment Bank Bhd is the joint underwriter and joint placement agent for the IPO. - Bernama
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Results of the ixCrypto Index Series Quarterly Review (2025 Q2) & IX Digital Asset Industry Index Series Half Yearly Review (2025 1H)
1. Constituent Review – ixCrypto Index Series 1.1. ixCrypto Index ("IXCI") The number of constituents will increase to 21 with 3 additions and 0 deletions. Additions Hyperliquid Pi Pepe Deletions No deletion After the change, the free float adjusted market capitalization coverage is 84.28%* (excluding stablecoins, which has 7.29% of the total crypto universe), while the 90-day-average volume is 74.54%*. The constituents change above and recapping at 40% will take effect on the effective date. Since the last review, there has been a decrease in the crypto total market capitalization from USD3.14T to USD3.09T (-1.59%)#, and a decrease in the daily volume from USD122.17B to USD107.37B (-12.11%)#. Bitcoin remains the largest crypto in the constituent list, with its price increased by 31.64% since the last review. 1.2. ixCrypto Portfolio Indexes 1.2.1 ixCrypto 5 Equal Weight Index ("IXEW5") and ixCrypto 5 Square Root Index ("IXSR5") Additions No addition Deletions No deletion 1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10"). Additions Sui Hyperliquid Deletions Avalanche Stellar 1.2.3 ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). Additions Hyperliquid Deletions Stellar 1.3. ixCrypto BTC/ETH Indexes As of the cut-off date on 30th June 2025, the ixCrypto BTC/ETH 50/50 Index ("IX5050") maintains a 50%/50% weighting for the ixBitcoin Index (IXBI) and ixEthereum Index (IXEI). The ixCrypto BTC/ETH Proportional Index ("IXPI") has a weighting of 88.23% and 11.77% for IXBI and IXEI, respectively. At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 87.71% and 12.29% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date. 2. Constituent Review- IX Digital Asset Industry Index Series 2.1 ixCrypto Stablecoin Index The number of constituents will remain at 4. Stablecoin comprises 7.29% of the total crypto universe, and ixCrypto Stablecoin Index covers around 98.50% of the 90-day average market capitalization in the stablecoin universe. Additions No addition Deletions No deletion 2.2 ixCrypto Infrastructure Index The number of constituents will decrease to 20 from 23 with 2 additions and 5 deletions. Additions Hyperliquid GateToken Deletions Stacks Arbitrum Optimism Fantom Injective 3. Exchange Review As a result of exchange review, 8 exchanges passed the review process, which are as follows: Passed Exchanges Binance Bybit Coinbase Advanced OKX MEXC (NEW) Bitget (NEW) Removed Exchanges Bitrue WhiteBIT The selected 8 exchanges will be used to generate each of the fair average prices for the IX indexes' constituents. The exchange review covers volume rankings, exchange background checks, founders' background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange. For more details about our exchange selection criteria, please email [email protected] . More information on the ixCrypto Indexes, including their constituents and constituents' weights, is provided in the Appendices, or refer to the website *Exclude stable coins and exchange coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020) #As of 30th June 2025, based on the past 90 days average XXXX (NEW)Newly introduced exchanges as of 2025 Q2 Appendix 1 ixCrypto Index ("IXCI") Universe All crypto coins traded in at least two different exchanges around the world Selection Criteria Cryptocurrencies ranking in the top 80% of cumulative full market capitalization ("MC") coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume Number of Constituents 21 in Q2 2025 Launch Date 12th December 2018 Base Date 3rd December 2018 Base Value 1,000 Reconstitution Rule If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. Reconstitution and Rebalancing Frequency Quarterly and with a fast entry rule Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40% Currency US Dollar Dissemination Every 5 seconds for 24x7 (On Bloomberg, Reuters and major information vendors) Website Wechat 信昇亞洲指數 Appendix 2 Weightings of the Constituents of ixCrypto Index Crypto 90-day-average- Market Cap 90-day-average-Volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap# 1 Bitcoin $1,958,824,850,898 $43,773,161,779 $108,385.57 63.30% 40.00% 2 Ethereum $264,630,208,306 $20,330,586,434 $2,500.96 71.85% 26.24% 3 XRP $129,093,439,083 $3,536,484,161 $2.21 76.02% 11.32% 4 Solana $77,727,473,997 $3,889,287,782 $153.35 78.53% 7.13% 5 Dogecoin $27,568,851,994 $1,414,503,515 $0.17 79.42% 2.21% 6 TRON $24,735,939,164 $640,070,448 $0.28 80.22% 2.28% 7 Cardano $23,831,031,962 $814,152,503 $0.58 80.99% 1.78% 8 Sui $10,244,970,455 $1,278,858,659 $2.90 81.32% 0.86% 9 Chainlink $9,279,422,096 $404,124,268 $13.73 81.62% 0.81% 10 Hyperliquid $8,951,075,346 $230,002,470 $39.74 81.91% 1.15% 11 Avalanche $8,611,447,780 $368,069,992 $18.74 82.19% 0.69% 12 Stellar $8,238,304,094 $197,531,742 $0.24 82.46% 0.65% 13 Bitcoin Cash $7,771,865,094 $330,241,952 $503.79 82.71% 0.87% 14 Toncoin $7,712,917,926 $187,410,580 $2.91 82.96% 0.63% 15 Shiba Inu $7,659,613,344 $220,836,176 $0.00 83.20% 0.61% 16 Hedera $7,318,869,233 $204,080,474 $0.15 83.44% 0.56% 17 Litecoin $6,600,292,835 $462,534,345 $87.99 83.65% 0.58% 18 Polkadot $6,402,181,346 $195,868,905 $3.55 83.86% 0.49% 19 Pi $4,745,528,506 $229,349,123 $0.53 84.01% 0.35% 20 Pepe $4,297,898,972 $1,026,963,274 $0.00 84.15% 0.38% 21 Uniswap $3,877,141,952 $297,010,690 $7.40 84.28% 0.41% As of 30 June 2025 # Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap Selection of index constituents is based on the past 90-day-average market capitalization and volume. For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website Appendix 3 Weightings of the Constituents of ixCrypto Portfolio Indexes Index Constituent ixCrypto 5 EW Index ixCrypto 5 SR Index ixCrypto 10 EW Index ixCrypto 10 SR Index ixCrypto Altcoin 10 EW Index ixCrypto Altcoin 10 SR Index 1 Bitcoin 20.00% 51.98% 10.00% 43.16% - - 2 Ethereum 20.00% 19.45% 10.00% 16.15% 10.00% 27.03% 3 XRP 20.00% 12.78% 10.00% 10.61% 10.00% 17.75% 4 Solana 20.00% 10.14% 10.00% 8.42% 10.00% 14.09% 5 Dogecoin 20.00% 5.65% 10.00% 4.69% 10.00% 7.84% 6 TRON - - 10.00% 4.21% 10.00% 7.04% 7 Cardano - - 10.00% 4.76% 10.00% 7.97% 8 Sui - - 10.00% 2.84% 10.00% 4.75% 9 Chainlink - - 10.00% 2.61% 10.00% 4.38% 10 Hyperliquid - - 10.00% 2.55% 10.00% 4.26% 11 Avalanche - - - - 10.00% 4.89% As of 30 June 2025 Appendix 4 Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index Crypto 90-day-average Crypto Market Cap 90-day-average Crypto Volume Index Level Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional Bitcoin $1,958,824,850,898 $43,773,161,779 26259.77 50.00% 87.71% Ethereum $264,630,208,306 $20,330,586,434 21550.90 50.00% 12.29% As of 30 June 2025 Appendix 5 Weightings of the Constituents of ixCrypto Stablecoin Indexes Crypto 90-day-average- Market Cap 90-day-average- volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap 1 Tether USDT $150,434,687,801 $74,954,359,584 $ 1.0003 4.86% 40.00% 2 USDC $61,142,710,723 $10,713,787,820 $ 0.9999 6.84% 40.00% 3 Ethena USDe $5,365,061,050 $10,894,372,584 $ 0.9998 7.01% 10.06% 4 Dai $5,190,458,650 $100,774,939 $ 1.0003 7.18% 9.94% As of 30 June 2025 Appendix 6 Weightings of the Constituents of ixCrypto Infrastructure Index Crypto 90-day-average- Market Cap 90-day-average-volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap# 1 Ethereum $264,630,208,306 $20,330,586,434 $2,500.96 8.55% 40.00% 2 Solana $77,727,473,997 $3,889,287,782 $153.35 11.06% 23.53% 3 TRON $24,735,939,164 $640,070,448 $0.28 11.86% 7.53% 4 Cardano $23,831,031,962 $814,152,503 $0.58 12.63% 5.87% 5 Sui $10,244,970,455 $1,278,858,659 $2.90 12.96% 2.83% 6 Chainlink $9,279,422,096 $404,124,268 $13.73 13.26% 2.67% 7 Hyperliquid $8,951,075,346 $230,002,470 $39.74 13.55% 3.81% 8 Avalanche $8,611,447,780 $368,069,992 $18.74 13.83% 2.27% 9 Toncoin $7,712,917,926 $187,410,580 $2.91 14.08% 2.07% 10 Hedera $7,318,869,233 $204,080,474 $0.15 14.32% 1.86% 11 Polkadot $6,402,181,346 $195,868,905 $3.55 14.52% 1.62% 12 Aptos $3,131,713,884 $151,613,038 $4.96 14.62% 0.92% 13 NEAR Protocol $2,973,329,612 $182,318,756 $2.26 14.72% 0.80% 14 Internet Computer $2,684,391,657 $75,870,046 $5.08 14.81% 0.78% 15 Ethereum Classic $2,579,704,121 $101,042,400 $16.97 14.89% 0.74% 16 GateToken $2,419,718,826 $10,896,292 $15.75 14.97% 0.56% 17 Mantle $2,342,288,931 $210,686,737 $0.60 15.04% 0.58% 18 POL (prev. MATIC) $2,212,231,131 $121,033,232 $0.18 15.12% 0.55% 19 VeChain $2,126,095,766 $52,034,336 $0.02 15.18% 0.54% 20 Cosmos $1,724,317,079 $112,401,543 $4.21 15.24% 0.47% As of 30 June 2025 # Weighting (%) after 40% Cap is adjusted according to the cut-off price; the arrangement of order may not be the same as the 90-day-average-Market Cap Selection of index constituents is based on the past 90-day-average market capitalization and volume. For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website Appendix 7 ixCrypto Indexes Dissemination Real time indexes are disseminated every 5-second interval for 24x7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI" and "IXEI", with dissemination interval kept at 15-second unchanged. The vendor tickers are shown below: Index Name Bloomberg Ticker NASDAQ Reuters Ticker Real-time Delayed ixCrypto Index IXCI IXCI2 .IXCI .IXCI ixBitcoin Index IXCBI IXCBI2 .IXBI .IXBI1 ixEthereum Index IXCEI IXCEI2 .IXEI .IXEI1 For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage or subscribe to LinkedIn: IX Asia Indexes For data licensing and product, please contact us at [email protected] For free API use on academic research or trial, please contact [email protected] HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - Today, IX Asia Indexes announced the 2025 2quarter review of the ixCrypto Index Series and the IX Digital Asset Industry Index Series. The constituent changes will be implemented on the effective date of 18July 2025 (Friday). The results of the constituent review and exchange review are as follows:Hashtag: #ixCrypto The issuer is solely responsible for the content of this announcement. About IX Asia Indexes and IX Asia Index Advisory Committee IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24x7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index ("IXCI") launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures products, mark-to-market, and fund managers' portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis. IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification. Advisory Committee: About IX Crypto Indexes The ixCrypto index ("IXCI") is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24x7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI", "IXEI", with dissemination interval kept at 15-second unchanged.
