From left: RHB Investment Bank Bhd CEO Kevin Davies, LAC Med Bhd group CEO Liew Yoon Poh, LAC Med non-independent & non-executive chairman Liew Yoon Kit and Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim.
KUALA LUMPUR: LAC Med Bhd
has signed an underwriting agreement with RHB Investment Bank Bhd and Alliance Islamic Bank Bhd for its initial public offering (IPO) on the Main Market of Bursa Malaysia, targeted for December 2025.
LAC Med said the proceeds from the IPO will enable the group to accelerate market expansion and broaden its portfolio of medical devices and solutions.
"To strengthen its recurring income streams after the listing, LAC Med will expand into two new business segments - equipment‑as‑a‑service (EaaS) and medical device asset management Services (MEAMS)," it said in a statement.
The group added that a portion of the IPO proceeds will also be allocated to support regional expansion in Indonesia, as well as to relocate to a new head office with an expanded storage facility and the establishment of a showroom dedicated to product demonstrations.
LAC Med group chief executive officer Liew Yoon Poh said the group is committed to delivering advanced, integrated medical solutions that enhance patient care and strengthen operational efficiency for healthcare providers.
"Our IPO will drive the expansion of our solutions and services, and our collaboration with leading international brands will ensure we provide the market with superior and comprehensive offerings," he said. - Bernama
