PETALING JAYA: Oceanarium operator Aquawalk Group Bhd
, which owns and manages Aquaria KLCC, is looking to list on the ACE Market.
Apart from Aquaria KLCC, the group also operates Aquaria Phuket – the largest aquarium exhibit in Thailand and holds a 40% stake in Jakarta Aquarium Safari in Indonesia.
In its prospectus exposure published on the local exchange, the group highlighted plans to enhance its existing facilities and expand its footprint in the aquarium industry.
Aquawalk’s initial public offering will involve the issuance of 368.6 million new shares, representing 20% of its enlarged share capital upon listing.
The proceeds from the IPO are earmarked for capital expenditure, IT system upgrades, repayment of borrowings and working capital.
M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the exercise.
