ACE Market-bound Camaroe aims to raise RM13.86mil from IPO

From left: Lee Yoke Wah, associate director of corporate finance, M & A Securities; Low Saw Cheng, executive director, Camaroe; Teoh Han Boon, managing director; Datuk Bill Tan, managing director of M & A Securities; and Danny Wong, deputy head of corporate finance

KUALA LUMPUR: Integrated aquaculture group Camaroe Bhd aims to raise RM13.86 million from its initial public offering (IPO), ahead of its planned listing on the ACE Market of Bursa Malaysia Securities Bhd on Oct 2, 2025. 

The IPO entails the issuance of 99 million new shares at an issue price of 14 sen per share.