PETALING JAYA: A1 A.K. Koh Group Bhd is seeking to list on the ACE Market of Bursa Malaysia.
The company is involved in the manufacturing, marketing, supply and distribution of processed food and beverage (F&B) products under its in-house brands and third-party brands.
It also deals with contract manufacturing and sourcing services of processed F&B products to third-party brand owners.
According to the company’s prospectus, its initial public offering (IPO) will consist of 109.2 million new ordinary shares.
Of this, 42 million shares will be made available for the Malaysian public, 8.4 million will be for application by the eligible directors and employees of A1 A.K. Koh Group as well as persons who have contributed to the success of the group.
The remaining 58.8 million shares will be made available by way of private placement to institutional and selected investors.
The group added there will be an offer for sale of 109.2 million existing shares, where 105 million shares will be for identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia and the rest of 4.2 million shares will be for institutional and selected investors.
According to the group’s draft prospectus, it aims to expand its business by constructing a new factory in Senai, Johor that will house a new semi-automated production line for premade pastes.
It will also upgrade its existing manufacturing facility and intensify marketing and promotional activities.
AmInvestment Bank Bhd will be the principal advisor, sponsor, underwriter and placement agent.
