KUALA LUMPUR: Melaka-based food products and manufacturer, Guan Huat Seng Holdings Bhd (GHS Holdings), aims to raise RM30 million from its initial public offering (IPO), ahead of its listing on the ACE Market of Bursa Malaysia on Jan 22, 2026.
GHS Holdings said that of the proceeds, RM12 million or 40 per cent will be utilised to part-finance the setup of a new integrated complex in Batu Berendam, Melaka, and RM9 million to part-finance the setup of a new Krubong facility.
"Meanwhile, RM3 million will be used for working capital, RM1.50 million for marketing expenses, and RM4.50 million to defray listing expenses," it said in a statement today.
GHS Holdings managing director, Yeo Tien Ee said the proceeds from the IPO are expected to improve the group’s operational efficiency and support its future growth.
"At the same time, we remain focused on expanding our product offerings, strengthening relationships with existing customers, and exploring new market opportunities within and beyond Malaysia.
"Our growth strategy is grounded in discipline, practicality, and a clear understanding of our strengths within Malaysia’s distributive trade of food and beverage product industry," he said in his welcome speech at the launch of GHS Holdings’ IPO Prospectus, here today.
According to the prospectus, the IPO comprises 141 million ordinary shares, consisting of a public issue of 120 million new shares and an offer for sale of 21 million existing shares, representing 29.78 per cent of the group’s enlarged issued share capital of 473.50 million ordinary shares.
Under the public issue, 23.80 million shares will be made available to the Malaysian public, while 14 million shares will be made available to eligible directors, employees and persons who have contributed to the group's success.
"Meanwhile, 59.20 million shares (will be) made available by way of private placements to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry, and 23 million shares will be allocated for private placements to selected investors,” it said.
The offer for sale of 21 million shares will be made available via private placement to selected investors.
Based on an enlarged share capital of 473.50 million shares and an IPO price of 25 sen per share, the group is projected to gain a market capitalisation of RM118.38 million.
Applications for the public issue are open from today and will close on Jan 9, 2026, and TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter, and placement agent for this exercise. - Bernama
