Semico Capital aims to raise RM23mil in IPO

From left: Ang Sew Fong, Executive Director and Head of Human Resources and Administration of Semico Capital; Tai Lee Chuen, Executive Director and Chief Executive Officer, Datuk Sri Ramli Mohamed Yoosuf, Independent Non-Executive Chairman; Hasli Hashim, Chairman of Affin Hwang Investment Bank; Hanif Ghulam Mohammed, Chief Executive Officer; and Johan Hashim, Managing Director of Capital Markets

KUALA LUMPUR: Semico Capital Bhd, a wholesaler and distributor of toys and collectables, plans to raise RM23.2mil from its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia on Jan 13, 2026.

The IPO exercise entails a public issue of 92.7 million new ordinary shares, representing 25.7% of the enlarged issued share capital, as well as an offer for sale of 18 million existing shares, representing 5% of the enlarged issued share capital.

Upon listing, Semico Capital will have a market capitalisation of RM90mil, based on its enlarged issued share capital of 360 million shares and IPO price of 25 sen per share.

Its portfolio encompasses a total of 68 brands and is available at its customers’ 303 retail outlets across Malaysia, covering specialised convenience stores, hobbyist stores, toy stores, cinemas and family entertainment centres. — Bernama