(From left to right): MCI Capital regulatory compliance counsel Alex Choo, Evolve Capital Advisory managing partner and chief executive officer Jerry Chua, MCI Capital chairman Cannis Chan, Berjaya Corporation Berhad executive director Chryseis Tan, Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing, Yakin Medic Sdn Bhd founder Patrick Tan, managing director Florence Yap, and MCI Capital senior advisor Damon Chan at the ceremony.
ONE of Malaysia’s leading providers of active live stem cell therapies, Yakin Medic Sdn Bhd, is set to expand into new markets as part of its broader growth strategy.
To support this expansion, the company plans to launch an initial public offering (IPO) on the Singapore Exchange (SGX) Catalist Board, which is targeted for the fourth quarter of 2025 or early 2026.
The official signing ceremony for the Yakin Medic Pre-IPO Singapore Exchange Engagement Agreement was witnessed by Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing, and first secretary of the Singapore High Commission at the Ministry of Foreign Affairs Singapore, Bhargav Sriganesh.
Besides that, Deputy Science, Technology and Innovation Minister Datuk Mohamad Yusof Apdal, extended his congratulations to the company on its upcoming IPO plan.
The agreement was signed between Yakin Medic, represented by founder Patrick Tan; Evolve Capital Advisory, represented by Jerry Chua from Singapore; and MCI Capital, represented by Cannis Chan, marking a key step in facilitating the group’s upcoming IPO exercise.
The IPO is projected to raise approximately RM100mil, with RM70mil earmarked for repurposing and further developing an existing factory lot in Cyberjaya.
The remaining funds will be used to support expansion into overseas markets, enhance research and development (R&D) efforts, and establish satellite laboratories.
Tan stated that Yakin Medic is collaborating with Evolve Capital Advisory, a leading boutique investment banking firm in Singapore, as its sponsor and issue manager to manage the IPO listing process.
Additionally, MCI Capital Sdn Bhd, a private equity firm managing RM250mil in assets, has been secured as Yakin Medic's cornerstone investor utilising the Asia IPO Fund.
This dynamic capital fund catalyses growth and development across multiple sectors, particularly the capital market, with a fund size reaching up to RM250mil.
Deputy Science, Technology and Innovation Minister Datuk Mohamad Yusof Apdal (right), seen here with Tan (left), congratulated the company on its forthcoming IPO initiative.
A significant portion of this will go towards assisting Malaysia’s small and medium enterprises (SMEs), especially ones in the pre-IPO stage like Yakin Medic, to help them grow their businesses and set them on a path toward IPO.
Established in 2014, Yakin Medic has earned a reputation as a trusted provider of cutting-edge stem cell therapies across key Asian markets.
The company also plays a pivotal role in positioning Malaysia as a leading hub for medical tourism.
As a frontrunner in regenerative medicine, Yakin Medic is dedicated to pushing the boundaries of what is possible in healthcare.
They offer advanced cell therapies designed to repair and rejuvenate ageing cells, enhance the body’s natural disease-fighting capabilities, and provide personalised wellness solutions for individuals seeking to manage their health.
Their commitment to innovation and excellence, coupled with robust revenue growth and operational efficiency, has cemented Yakin Medic’s status as a global leader in stem cell therapeutics.
Specialising in regenerative solutions, Yakin Medic supports health issues related to chronic conditions.
Harnessing the power of cellular therapies, the company develops treatments to combat degenerative diseases, enhance overall health, and promote healthy ageing.
“The proceeds from our IPO will primarily fund Yakin Medic’s expansion into live stem cell therapies, alongside other healthcare initiatives.
“This investment marks a significant milestone in our growth journey, fortifying our position to advance next-generation stem cell treatments globally.
“Our mission is to empower individuals to manage their health through accessible, seamless, and everyday medical services,” said Tan.
He noted that the commissioning and development of a new manufacturing facility in Cyberjaya would take approximately 1.5 years.
“We aim to produce stem cells for 5,000 patients annually by 2027. This is a highly lucrative field for those equipped with the right technology.
“With one-third of Malaysia’s population affected by diabetes, our research suggests that administering four injections of 100 million stem cells over a year has the potential to stabilise patients." he said.
Tan emphasised that regenerative medicine and stem cell therapies are revolutionising healthcare, offering groundbreaking solutions to some of the world’s most complex health challenges.
“Leveraging advancements in technology and science, regenerative medicine is transforming the treatment landscape for degenerative diseases, ageing, and chronic illnesses. It offers hope for improved health outcomes and an enhanced quality of life,” he stated.
The agreement was signed by Chua (first from left), Tan (second from left), and Chan (first from right), andwas witnessed by Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing (second from right).
Tan underscored the vast potential of this multi-billion-dollar industry, citing forecasts that the global stem cell therapy market – according to a new report published by Verified Market Research – is projected to grow at a compound annual growth rate (CAGR) of 13.95 % from 2024 to 2030.
The report reveals that the market was valued at US$11.8bil in 2023 and is expected to reach US$31.41bil by the end of the forecast period.
“Collaboration with leading biotechnology firms will significantly enhance access to these innovative therapies,” he said.
“This partnership not only upholds excellence in stem cell research but also drives public discourse on the ethical, legal, and societal dimensions of stem cell science,” he added.
With its steadfast focus on pioneering research, patient care, and global partnerships, Yakin Medic is well-positioned to shape the future of regenerative medicine and extend the promise of stem cell therapies to individuals worldwide.
"Ultimately, I believe Yakin Medic belongs to the people. Stem cells hold the potential to enhance quality of life, and we are committed to making this treatment accessible to all.”
For more information, visit: https://yakin-medic.com.my/index.html
