From left: Datin Tang Jing Wen, chief operating officer of Oasis Home; Datuk Teoh Yee Seang, CEO; Datuk Seri Diraja Nur Julie Gwee Ariff, CEO of MIDF Amanah Investment Bank; and Wan Hung See, senior director and co-head of corporate finance
KUALA LUMPUR: Oasis Home Holding Bhd, an omni-channel consumer lifestyle products marketer and seller, is scheduled to be listed on the ACE Market of Bursa Malaysia Malaysia Securities Bhd in May 2025.
In a statement today, Oasis Home said the group’s initial public offering (IPO) exercise encompasses a public issuance of 100 million new ordinary shares, representing approximately 20 per cent of its enlarged shares, as well as an offer for sale of 50 million existing shares or 10 per cent of its enlarged shares.
"Out of the 100 million shares, 25 million shares will be made available to the Malaysian public via balloting, 10 million shares to its directors and employees who are eligible to participate in the IPO (pink form allocations), 62.50 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) while the remaining 2.50 million shares will be made available by way of private placement to selected investors.
"The 50 million offer shares will be made available by way of private placement to selected investors,” it said.
For the financial year ended June 30, 2024, Oasis Home said its live commerce sales channel contributed RM41.47 million or 75.65 per cent of the group’s total revenue of RM54.82 million.
Oasis Home has entered into an underwriting agreement with MIDF Amanah Investment Bank Bhd, which will underwrite a total of 35 million shares allocated to the Malaysian public and pink form allocations.
MIDF Amanah Investment Bank is the principal adviser, sponsor, underwriter, and placement agent for the IPO. - Bernama
