KUALA LUMPUR: Branding and marketing solutions specialist company SBS Nexus Bhd aims to raise RM30.63 million from its initial public offering (IPO) ahead of its listing on Bursa Malaysia’s ACE Market on Jan 20, 2026.
SBS Nexus said that from the proceeds, RM7.1 million or 23.2 per cent will be utilised for its new headquarters, while RM7.25 million (23.7 per cent) will be allocated to company expansion.
"(Another) RM0.74 million (2.4 per cent) will be used for branding, marketing and promotional activities, RM6.0 million (19.6 per cent) for repayment of borrowings, RM5.04 million (16.4 per cent) for working capital, and RM4.5 million (14.7 per cent) for estimated listing expenses,” it said in a statement.
Managing director and chief executive officer Wong Chun Mun said the group’s key competitive strength lies in its ability to propose and cross-sell a range of branding and marketing solutions to customers, creating a seamless, cohesive branding strategy for them.
"The wide range of service offerings provided by us, catering to prevalent consumer trends and ever-changing market demand, is expected to support the continued growth of SBS Nexus Group,” he said.
The company said the IPO comprises 171.5 million ordinary shares, consisting of a public issue of 122.5 million new shares and an offer for sale of 49 million existing shares, representing 35 per cent of the group’s enlarged issued share capital of 490 million ordinary shares.
Under the public issue, 24.5 million shares will be made available to the Malaysian public, while 17.15 million shares will be made available to employees and persons who have contributed to the group's success.
"(Another) 61.25 million shares (will be) made available by way of private placement to bumiputera investors approved by the Ministry of Investment, Trade and Industry, and 19.60 million shares will be allocated for private placement to selected investors,” it said.
The offer for sale of 49 million shares will be made available via private placement to selected investors.
Based on an enlarged share capital of 490 million shares and an IPO price of 25 sen per share, the group is projected to gain a market capitalisation of RM122.50 million.
Application for the public issue portion opens today and closes at 5 pm on Jan 7, 2026.
M&A Securities serves as the adviser, sponsor, underwriter and placement agent for the IPO exercise. - Bernama
