KUALA LUMPUR: Branding and marketing solutions specialist SBS Nexus Bhd aims to raise RM30.63mil 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, RM7.1mil or 23.2% would be utilised for its new headquarters, while RM7.25mil (23.7%) would be allocated for company expansion.
“A total of RM0.74mil (2.4%) will be used for branding, marketing and promotional activities, RM6mil (19.6%) for repayment of borrowings, RM5.04mil (16.4%) for working capital and RM4.5mil (14.7%) 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.
This represents 35% of the group’s enlarged issued share capital of 490 million ordinary shares. — Bernama
