KUALA LUMPUR: Semico Capital Bhd has entered into an underwriting agreement with Affin Hwang Investment Bank Bhd in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities).
Semico Capital, through its subsidiaries, is primarily involved in providing family entertainment products and services, including supplying arcade and amusement machines, operating a family entertainment centre at The Mines in Selangor, and wholesaling and distributing toys and collectibles.
In a statement, Semico said the IPO exercise comprises a public issue of 92.7 million new ordinary shares, representing 25.7% of its enlarged issued share capital, and an offer for sale of 18 million existing shares, representing 5.0% of the enlarged issued share capital.
Of the 92.7 million issue shares, 18 million will be offered to the Malaysian public via balloting, 15 million allocated to eligible directors, employees and business associates under the pink form allocation, and the remaining 59.7 million placed out to selected investors.
Meanwhile, the 18 million offer shares will be offered via private placement to selected investors.
Affin Hwang will underwrite 33 million Issue Shares allocated to the Malaysian public and the pink form allocation under the underwriting agreement.
“The signing of this underwriting agreement with Affin Hwang marks an important milestone for Semico Capital as we progress towards our ACE Market listing on Bursa Securities.
“It sets the stage for our next phase of growth as we work to strengthen our market position and expand our reach to meet the evolving needs of customers nationwide,” Semico executive director cum chief executive officer Tai Lee Chuen said.
Semico Capital is scheduled to be listed on the ACE Market of Bursa Securities by January 2026.
Affin Hwang serves as the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO exercise.
