PETALING JAYA: 1 Doc International Bhd is eyeing a listing on the Main Market of Bursa Malaysia.
The company is principally involved in the operation of multi-brand chain beauty care centres in Malaysia and Singapore where 1 Doc offers a range of beauty care services, including body, facial and hair care services.
These services are complemented by a selection of beauty care and related products.
In its prospectus exposure, the company said its initial public offering (IPO) will entail the public issue of 580.38 million new ordinary shares.
RHB Investment Bank Bhd is the principal adviser for the IPO.
The company said proceeds from the IPO will be used for expansion in Malaysia and Singapore.
“We plan to establish an additional 23 beauty care centres in Peninsular Malaysia and East Malaysia, and to purchase machinery to support the operations of these new beauty care centres.”
The company added that it intends to upgrade and refurbish its existing beauty care centres to enhance their overall image and ambience, thereby improving customer experience and attracting new customers.
“In addition, we plan to expand our storage capacity through the acquisition of additional premises in Selangor.
“We intend to leverage our expertise in beauty care services to expand into the medical aesthetics segment through the acquisition of medical aesthetic clinics in Malaysia.”
The company also said it plans to expand its marketing activities across both online and offline channels to enhance brand awareness and strengthen our brand equity.
On its Singapore expansion, the company said it intends to set up an additional eight beauty care centres and intends to purchase beauty care machinery to support the operations of these new centres.
“We plan to set up a regional office and warehouse facility in Singapore to enhance our operational presence and support the planned expansion of our beauty care centre network in the country.”
The company said it intends to expand its marketing activities in Singapore through both online and offline channels to increase brand awareness and strengthen brand equity.
Moreover, the company said it commands a leading market position with total revenue of RM346.96mil in the financial year 2024, supported by its established network of 53 beauty care centres in Malaysia.
“Our established network enables us to be in close proximity to our target customers and provides a platform to sustain and grow our business,” it said.
