PETALING JAYA: Main Market-bound MTT Shipping and Logistics Bhd has signed a retail underwriting agreement with CIMB Investment Bank Bhd and Affin Hwang Investment Bank Bhd for its upcoming initial public offering (IPO).
The container liner operator, which owns the largest and youngest fleet of Malaysian-flagged containerships, is set to be listed in the second quarter of 2026.
MTT’s IPO will consist solely of a public issue of 633.5 million new ordinary shares.
Of this, an institutional offering of 571 million shares will be made available to Malaysian and foreign institutional and selected investors, inclusive of bumiputra investors approved by the Investment, Trade and Industry Ministry.
The remaining 62.5 million shares will be made available for retail offering, earmarked for MTT’s directors and employees as well as persons who have contributed to the success of the group, along with the public via balloting.
There will be no offer for sale of existing shares and all proceeds raised from the IPO will accrue entirely to the group.
MTT executive chairman Datuk Seri Ong Kean Lee said the group has been able to establish a presence across key ports in Malaysia and has strategically grown its regional footprint across South-East Asia and the Far East Indian subcontinent region.
“The IPO represents an important next defining step in strengthening MTT’s capital base and corporate profile, enabling us to support the continued expansion of our shipping and logistics network, enhance operational efficiencies and pursue various growth opportunities.
“We are well poised for continued growth and look forward to creating long-term values for our investors while positioning the group for sustainable growth in the years ahead.”
Meanwhile, CIMB Investment Bank’s chief executive officer and regional head of investment banking Nor Masliza Sulaiman said MTT is backed by a highly experienced management team with deep industry expertise. She added that MTT’s prudent and structured growth approach has laid an exceptional foundation for its next phase of growth.
