PETALING JAYA: RT Pastry Holdings Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.
The company is principally involved in the manufacturing, distribution and sales of bakery products in Malaysia.
The group manufactures and sells a variety of bakery products including, but not limited to, pastry, bread, other manufactured products as well as original equipment manufacturer (OEM) and trading products.
In its prospectus exposure, the company said its initial public offering (IPO) will entail the public issue of 91.54 million new ordinary shares.
KAF Investment Bank Bhd is the sponsor of the company’s IPO.
The company said proceeds from the IPO will be used for the opening of new outlets purchase of new machinery and equipment, repayment of bank borrowings and listing expenses.
“We intend to expand our sales from our wholesale model by offering our services as an OEM.
“This would entail manufacturing bakery products at our centralised manufacturing facilities based on recipes developed with or provided by other companies such as cafes and food retailers.”
