KUALA LUMPUR: Hock Soon Capital Bhd is aiming to raise RM60mil from its initial public offering, the bulk of which will go towards establishing a new poultry farm in Teluk Intan, Perak.
The company, which specialises in rearing layer chickens for the production and sale of table eggs, is issuing 100 million new shares under the IPO and offering for sale 50 million existing shares, representing 20% and 10% of its enlarged share capital respectively.
Of the 100 million issue shares, 25 million will be made available to the Malaysian public via balloting, while 12.5 million shares will be allocated to eligible directors, employees and persons who have contributed to the success of Hock Soon Group.
The remaining 62.5 million issue shares will be placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry.
The 50 million offer shares will be offered via private placement to selected investors.
With an IPO price of 60 sen per share, the company is expecting to have a market capitalisation of RM300mil upon listing.
The poultry farmer, which is heading towards a listing on the Main Market of Bursa Malaysia on Feb 13, 2026, is expanding its egg production capacity via the construction of 25 closed-house chicken coops at the new Teluk Intan facility.
The plan is to allocate five coops for pullets an 20 coops for mature hens, said Alex Ong Keat Hoe, the company's executive director.
“Upon completion of the Teluk Intan poultry farm, our total egg production capacity is expected to increase by approximately 1.53 million eggs per day, in addition to our production of 1.63 million eggs per day as at Dec 24, 2025.
"This represents an increase of approximately 93.9% in daily egg production capacity,” he added.
The new poultry farm will be equipped with advanced automation systems, monitoring and control technologies, as well as a centralised grading and sorting station to enhance operational efficiency and biosecurity.
Currently, Hock Soon operates a poultry farm in Bidor, Perak, comprising 26 and seven closed-house chicken coops for mature hens and pullets respectively, with capacities of 1.74 million mature hens and 486,912 pullets respectively. The Bidor farm has a current egg production capacity of approximately 1.48 million eggs per day.
During the financial years ended Sept 30, 2023, to 2025, Hock Soon's net profit surged 189.7% to RM42mil, which represents a three-year compounded annual growth rate of about 42.8%. The company's four-year average net margin stood at 22.4%.
Revenue over the same period rose 9.8% to RM147.5mil in FY25. The company said its consistent operational performance is further underscored by its four-year average gross profit margin of 31.4%.
The performance growth was drive primarily by the higher sales of table eggs.
M&A Securities Sdn Bhd is the adviser, underwriter and placement agent for the IPO exercise.
