PETALING JAYA: Custom Food Holding Bhd is eyeing a listing on the Main Market of Bursa Malaysia.
The company is principally involved in the manufacturing of specialty food ingredients and products (focusing on non-dairy creamers, functional lipid powders, malt and cereal products), as well as being involved in the supply of other food ingredients and food products purchased from third party suppliers.
In its prospectus exposure released yesterday, the company said its initial public offering (IPO) will entail the public issue of 113.31 million new shares and an offer for sale of up to 186.81 million existing shares.
The company said proceeds from the IPO will be used to establish a new factory, purchase of new machinery and equipment for expansion, investment in information technology and automation systems, repayment of bank borrowings, working capital and to defray listing expenses.
“We intend to establish a new factory for the manufacturing of flavour and bakery enhancement products.
The factory will also have a warehouse building to accommodate the expansion of our group’s manufacturing facilities,” it said.
