KUALA LUMPUR: BMS Holdings Bhd
has obtained approval from Bursa Malaysia Securities Bhd for its proposed listing on the ACE Market.
BMS Holdings, through its subsidiaries, is engaged in the retail, wholesale and project sales of tiles and stone surfaces. The group also offers bathware and kitchenware to complement its core offerings.
Managing director Ang Kwee Peng said the approval from Bursa Securities for the ACE Market listing marks a significant milestone for BMS Holdings and an exciting new chapter in the group’s corporate journey.
“This achievement underscores the hard work and dedication of our team and enhances our commitment to providing high-quality products and exceptional customer service across Malaysia.
“We are confident that becoming a listed entity will further strengthen our market presence and enable us to execute our ambitious growth plans more effectively,” he said in a statement.
BMS Holdings’ initial public offering (IPO) will comprise a public issue of 364 million new shares and an offer for sale of 156 million existing shares, representing about 33.8% of its enlarged share capital of 1.54 billion shares upon listing.
Barring any unforeseen circumstances, the retailer and distributor of tiles, stone surfaces, bathware and kitchenware aims to list by the fourth quarter of 2025.
Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter, and placement agent for BMS Holdings’ IPO.
