A1 A.K Koh Group IPO Oversubscribed By 1.11 Times
The IPO, which involves a total of 218,400,000 shares, comprises both a public issue of new shares and an offer for sale of existing shares.
The public portion saw a total of 2,289 applications for 46,802,300 Issue Shares, valued at RM11,700,575, resulting in an overall subscription rate of 1.11 times. Specifically, the other Malaysian public portion recorded a subscription rate of 2.03 times, with 1,848 applications for 42,701,200 Issue Shares.
Mr. Koh Lian Jie, Non-Independent Executive Director / Chief Executive Officer of A1 AKK, expressed his gratitude for the supportive response to the IPO. 'As a homegrown processed F&B company with a diverse product range that resonates with Malaysian households, we remain focused on scaling our operations, deepening our domestic reach, and gradually strengthening our presence in strategic international markets to create enduring value as we move forward,' he stated.
Notices of allotment will be mailed to successful applicants by July 10, 2025. A1 A.K. Koh Group Berhad is scheduled to be listed on the ACE Market of Bursa Malaysia on July 11, 2025.
AmInvestment Bank Berhad is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO. Related
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
38 minutes ago
- The Star
Golden Destinations eyes listing
PETALING JAYA: Golden Destinations Group Bhd is eyeing a listing on the ACE Market of Bursa Malaysia. The company is principally involved as a full-service outbound travel experience curator, offering a comprehensive suite of outbound travel experience products and services under Golden Destinations, its flagship brand portfolio. In its prospectus exposure, Golden Destinations said its initial public offering would comprise a public issue of 200 million new shares. A total of 50 million shares will be available for application by the public, 35 million shares will be available for application by eligible directors, employees and persons who have contributed to the success of the company and its subsidiaries while 90 million shares will be available by way of private placement to identified institutional and/or selected investors. Additionally, 25 million shares will be available by way of private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade And Industry, Malaysia. UOB Kay Hian (M) Sdn Bhd is the sponsor for the IPO.
The Star
38 minutes ago
- The Star
Domestic markets face volatile fund flows
PETALING JAYA: Fund flows into local capital markets are expected to remain volatile as investors focus on looming US sectoral tariffs on Malaysia's pharmaceutical and semiconductor goods. United Overseas Bank (M) Bhd (UOB) expects capital flows into Malaysia and other emerging markets to remain volatile, with investors continuing to rotate their funds across sectors based on each country's resilience to US tariffs and shifts in trade policy. UOB said investor attention is now turning to sector-specific levies by the United States and a potential 10% surcharge on Brics member countries and their allies. 'Other key near-term issues include US-China trade negotiations, the US Federal Reserve's policy independence and its rate trajectory,' UOB said in a research note. UOB added that lingering tariff and trade uncertainties would continue to weigh on the ringgit till the end of the year before the currency regains strength from the first quarter of next year (1Q26). UOB projects the ringgit strengthening against the US dollar to RM4.19 in 2Q26 from RM4.20 in 1Q26 and RM4.23 in 4Q25 and RM4.27 in 3Q25. Analysts noted that July was the second consecutive month foreign investors continued to pare their holdings of Malaysian equities and debt. In its weekly fund-flow report, MBSB Research said foreign fund outflows from Bursa Malaysia in July had extended into August. In the week ended Aug 8, foreign investors extended their net selling of Malaysian equities to fifth consecutive week, registering a net outflow of RM1.14bil. This was three times higher than the previous week's outflow of RM378.1mil. Foreign investors were net sellers on every trading day, with outflows ranging from RM145.6mil to RM318.1mil. 'The largest outflow was recorded last Tuesday, followed by last Thursday with RM291mil, last Monday with RM205.7mil and last Wednesday with RM174.7mil, while last Friday recorded the smallest outflow. 'The only two sectors that recorded net foreign inflows last week were industrial products and services (RM62.7mil) and transportation and logistics (RM36.2mil). 'The top three sectors that recorded the highest net foreign outflows were financial services (RM344.3mil), healthcare (RM239.1mil) and utilities (RM210.2mil),' said MBSB Research. The selling pressure is also present in bonds. Maybank Investment Bank Research (Maybank IB) said moderate selling of ringgit bonds continued in July for a second consecutive month, driven in part by a rebound in the greenback. Outflows totalled RM5.5bil from June's RM5.4bil, although on a year-to-date basis, flows stayed positive at RM15.9bil from a peak of RM26.9bil in May. Maybank IB said foreign holdings of Malaysian Government Securities and Government Investment Issues eased to 21.1% in July from 21.8% in June, while across Asean the picture was mixed, with Indonesia attracting inflows and Thailand experiencing outflows.
BusinessToday
2 hours ago
- BusinessToday
Bangladesh Eyes Proton EVs For Local Distribution
Proton Holdings Bhd's electric vehicle manufacturing has drawn interest from Bangladesh which is seeking to secure investment from the Malaysian national carmaker. Attracting investment by Malaysian companies across various sectors figures prominently on the agenda of Bangladesh interim government chief adviser Muhammad Yunus during his three-day Malaysia visit, which starts today. 'They produce a lot of cars. During the visit, Bangladesh will invite Proton Holdings to invest here,' Yunus's press secretary Shafiqul Alam said at a media briefing in Dhaka yesterday, according to a Bangladesh Sangbad Sangstha report. He was referring to the Malaysian automaker's electric vehicle (EV) push in his remarks. The company launched its first-ever electric vehicle, the Proton 7, in December 2024, and is holding a tour of key Malaysian cities between August and October to preview the Proton 5, the second car in the EV will also explore Malaysia's involvement in deep-sea fishing. 'We catch Hilsa and other marine fish within 40 to 50 kilometres of the deep sea. However, our maritime boundary is about 210,000 square kilometres,' Shafiqul Alam said. Yunus, whose trip is being undertaken at the invitation of Malaysian Prime Minister Datuk Seri Anwar Ibrahim, is accompanied by foreign affairs adviser Mohammad Touhid Hossain, expatriate welfare and overseas employment adviser Asif Nazrul and power, energy and mineral resources adviser Fouzul Kabir Khan. The national security adviser Khalilur Rahman, special envoy to the Chief Adviser on international affairs Lutfey Siddiqui and Bangladesh Investment Development Authority (Bida) executive chairman Chowdhury Ashiq Bin Harun are also part of the delegation.
