Latest news with #A1AKKohGroupBhd
The Star
11-07-2025
- Business
- The Star
ACE market debutant A1 AK Koh Group to tap into new markets next year
KUALA LUMPUR: Food and beverage manufacturer A1 AK Koh Group Bhd aims to tap into new markets in 2026, focusing on the hotel, restaurant and catering segment. Chief executive officer Koh Lian Jie said the company is looking to appoint one or two distributors locally and internationally to help expand its reach within the segment. "We are also working to strengthen our export market by identifying more overseas distributors to help penetrate foreign markets," he told a press conference after the company's listing ceremony here today. A1 AK Koh Group Bhd made its ACE Market debut today with its share price opening flat at 25 sen, unchanged from the initial public offering (IPO) price, with 30.44 million shares traded. Koh did not disclose specifically the countries the company is targeting, but said its focus would be on Western countries as it aims to introduce locally flavoured products such as laksa. The company is also actively participating in exhibitions such as Food and Hotel Asia (FHA) and the Thailand International Food Exhibition (TIFEX) to seek potential customers. On the company's outlook, Koh said demand for its products is expected to rise moderately next year. It foresees a stronger pickup in 2027 once its new factory is operational. The company said in its prospectus that the new factory comprises two buildings - a production floor spanning 17,000 square feet (sq ft) and a storage area of 17,000 sq ft. The buildings are expected to be completed by the fourth quarter of 2026 (4Q 2026), while the semi-automated production line is scheduled to be operational in 4Q 2027. The company is targeting a five to 10 per cent growth within two years by capturing market share from competitors. It aims to raise revenue contribution from exports to 35 per cent from the current 22 per cent and reduce domestic contribution to 65 per cent from 77 per cent, Koh said. - Bernama
New Straits Times
11-07-2025
- Business
- New Straits Times
A1 AK Koh debuts at IPO price of 25 sen on ACE Market
KUALA LUMPUR: A1 AK Koh Group Bhd made a steady debut on the ACE Market of Bursa Malaysia, opening at its initial public offering (IPO) price of 25 sen. The food and beverage manufacturer was the most actively traded stock in early trade, with over 6.5 million shares changing hands as it traded between 24.5 sen and 25.5 sen. Founded in 1986, A1 AK Koh produces and distributes over 340 processed products, ranging from snacks, noodles and seasonings to canned seafood and beverages. The Johor-based company is also involved in contract manufacturing and sourcing for third-party brands. Its products, made at two facilities in Senai and Long An province, Vietnam, are exported to more than 10 countries. A1 AK Koh raised RM27.3 million from its IPO, with RM5 million earmarked for the construction of a new factory adjacent to its existing plant and RM1.8 million set aside to upgrade its current manufacturing facility in Senai. Additionally, RM8 million will be set aside for marketing and promotional initiatives, RM4 million for working capital and another RM4 million to repay bank borrowings. The remaining RM4.5 million will be used to cover listing-related expenses.
The Star
04-07-2025
- Business
- The Star
A1 AK Koh's IPO oversubscribed
PETALING JAYA: A1 AK Koh Group Bhd's initial public offering (IPO) has been oversubscribed by 0.11 times ahead of its listing on the ACE Market of Bursa Malaysia on July 11. The processed food and beverage producer received 2,289 applications from the public for 46.8 million shares worth RM11.7mil, representing a subscription rate of 1.11 times. For the bumiputra portion, 441 applications were received for about 4.1 million shares, with the remaining shares reclaimed and reallocated to the other Malaysian public. Meanwhile, the other Malaysian public submitted 1,848 applications for about 42.7 million shares, resulting in a subscription rate of 2.03 times. All 8.4 million issue shares offered to eligible persons have also been fully subscribed.
Malaysian Reserve
03-07-2025
- Business
- Malaysian Reserve
A1 AK Koh IPO draws tepid response from public investors
A1 AK Koh Group Bhd's initial public offering (IPO) on the ACE Market of Bursa Malaysia received a modest response from public investors, with some segments of the exercise seeing undersubscription. The company reported that total applications from public investors amounted to 46.80 million shares valued at RM11.7 million, slightly exceeding the 42 million shares offered. This reflects a subscription rate of just 1.11 times. However, the tranche earmarked for Bumiputera investors under the public portion fell short, attracting only 20% of the intended take-up. The unsubscribed shares were subsequently reallocated to the non-Bumiputera portion, which was oversubscribed by about two times. Shares reserved for eligible persons were fully taken up. Meanwhile, the private placement component — comprising both new and existing shares allocated to approved Bumiputera investors, institutions, and selected investors — was fully subscribed following a clawback and reallocation process. Allotment notices are scheduled to be posted to successful applicants on July 10, with the company's listing set for July 11. A1 AK Koh, known primarily for its premixed soup spices, will debut on the market with an issue price of 25 sen per share. The IPO is expected to raise RM27.3 million for the company which is based in Johor and established in 1986. A1 AK Koh manufactures and markets more than 340 processed food and beverage products, including snacks, noodles, seasonings, canned seafood, and ready-to-drink beverages. Post-listing, the company is expected to have a market capitalisation of RM210 million, translating to a valuation of approximately 18 times its latest earnings. AmInvestment Bank is acting as the principal adviser, sponsor, underwriter, and placement agent for the IPO. — TMR
The Star
03-07-2025
- Business
- The Star
A1 AK Koh's IPO oversubscribed by 1.11 times
KUALA LUMPUR: A1 AK Koh Group Bhd's (A1 AKK) initial public offering (IPO) has been oversubscribed by 1.11 times ahead of its listing on the ACE Market of Bursa Malaysia on July 11. The processed food and beverage producer received 2,289 applications from the Malaysian public for 46.8 million shares worth RM11.7mil, representing a subscription rate of 1.11 times. For the Bumiputera Malaysian public portion, 441 applications were received for about 4.1 million shares, with the remaining shares reclaimed and reallocated to the other Malaysian public. Meanwhile, the other Malaysian public submitted 1,848 applications for about 42.7 million shares, resulting in a subscription rate of 2.03 times. All 8.4 million issue shares offered to eligible persons have also been fully subscribed. AmInvestment Bank Bhd, the placement agent, confirmed that 58.8 million issue shares and 109.2 million offer shares were fully placed to approved Bumiputera, institutional, and selected investors, following the clawback and reallocation rules in A1 AKK's June 18, 2025 prospectus. AmInvestment Bank is the principal adviser, sponsor, underwriter and placement agent for the IPO.
