Body Shop plans RM200mil IPO next year

Body Shop is targeting to list on Bursa Malaysia as early as the second quarter of next year, the source said.

KUALA LUMPUR: Rampai-Niaga Sdn Bhd, which runs The Body Shop stores in Malaysia, is considering an initial public offer that could raise RM200mil, according to a source.

The company is working with an adviser and may submit a listing application to the Malaysian securities regulator as soon as this month, the source said.

It is targeting to list on Bursa Malaysia as early as the second quarter of next year, the source said.

Rampai-Niaga is the sole franchisee for The Body Shop in Peninsular Malaysia and Sabah, according to its website.

The company is led by managing director Mina Cheah-Foong who opened the first Body Shop outlet in Malaysia in 1984.

A representative for Rampai-Niaga said that she couldn’t immediately comment. — Bloomberg