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New Straits Times
16-05-2025
- Business
- New Straits Times
CUCKOO Malaysia posts record RM1.24bil revenue, issues IPO update
KUALA LUMPUR: CUCKOO International (MAL) Bhd, a leading healthy home solutions provider, has issued a supplementary prospectus outlining amendments to its earlier principal prospectus, following the strategic rescheduling of its initial public offering (IPO). The decision to delay the IPO, according to the company, was a carefully considered move by CUCKOO Malaysia's management aimed at ensuring a successful and sustainable entry into the public market, aligned with the best interests of the company and its investors. In its supplementary prospectus, CUCKOO Malaysia reported record revenue of RM1.24 billion for the financial year ended Dec 31, 2024 (FYE2024), marking a continuation of its billion-ringgit revenue streak ahead of its scheduled listing on the Main Market of Bursa Malaysia on June 24, 2025. The company's revenue grew by 11 per cent year-on-year, driven by a 62.6 per cent surge in CUCKOO Co-created products, which reached RM250.3 million, and a 3 per cent increase in CUCKOO-branded products to RM983.2 million. Pre-tax profit (PBT) rose 23.2 per cent, supported by stronger gross profit margins and reduced finance costs, particularly from a lower net foreign exchange loss. These gains were partially offset by RM5.7 million in IPO-related expenses. CUCKOO Malaysia also delivered a significant 47.7 per cent rise in profit after tax and minority interests (PATAMI), reaching RM128.9 million in FYE2024, up from RM87.3 million the previous year. Non-independent executive director and chief executive officer of CUCKOO International Hoe Kian Choon expressed confidence in the company's future outlook, citing robust consumer demand, a resilient rental-based business model, sustained investment in technology and infrastructure, and the strength of its experienced senior leadership team. "We are pleased to deliver a strong financial performance, highlighting our ongoing commitments in expanding the company's market presence by leveraging CUCKOO Malaysia's effective business model, omni-channel distribution network and ever-expanding wellness ecosystem," he said in a statement. Hoe added that the company remains focused on scaling up its operations by broadening its product offerings, strengthening home care services, and deepening its market presence across Malaysia and Singapore. "With this, we are confident that it will support our continued growth and enable us to serve a larger customer base by building brand loyalty to retain our customers and to cross-sell more of our products or services to them," he said. The supplementary prospectus also outlines the withdrawal process for investors who submitted IPO applications prior to the rescheduling announcement but now wish to retract their applications. The closing date for withdrawal requests is 5.00 p.m. on May 22, 2025. Investors may withdraw through Malaysian Issuing House (MIH), bank branches, or online platforms where applications were made. Refunds will be processed either on the same day or within eight market days of receiving a completed and valid Withdrawal Request Form, depending on the method used. The form is available via the MIH website ( by email (BRMY-MIHIPO@ or through postal submission to Malaysian Issuing House Sdn Bhd. Investors who withdraw may still reapply for the IPO during the application period, subject to terms stated in the supplementary prospectus. The IPO application period remains open and will close on June 5, 2025, with CUCKOO Malaysia's listing on June 24, 2025, on Bursa Malaysia's Main Market.
Malaysian Reserve
14-05-2025
- Business
- Malaysian Reserve
Cuckoo sets May 22 deadline for IPO withdrawal applications after rescheduling listing
CUCKOO International (Mal) Bhd has set 5pm on May 22, 2025, as the closing date for investors to withdraw their applications for its initial public offering (IPO), following a rescheduling of its listing exercise initially announced on April 9. Investors who applied for IPO shares before the rescheduling announcement and now wish to withdraw can do so through the Malaysian Issuing House (MIH), participating bank branches, or online platforms. Refunds will be processed either on the same day or within eight market days of receipt of valid withdrawal requests. Despite the withdrawal option, the IPO application for the retail offering remains open until 5pm, on June 5, 2025. The company aims to list on the Main Market of Bursa Malaysia on June 24, 2025. This update was disclosed in a supplementary prospectus issued today, which amends the principal prospectus dated March 26, 2025. The decision to delay the listing was described as a strategic move aimed at ensuring a successful and sustainable market entry amidst ongoing market volatility. In conjunction with the new prospectus, Cuckoo Malaysia reported record financial performance for the financial year ended December 31, 2024 (FY24). The company posted revenue of RM1.24 billion, an 11.0% increase year-on-year, maintaining its track record of over RM1 billion in annual revenue. The growth was driven by a 62.6% surge in sales of Cuckoo co-created products to RM250.3 million, and a 3.0% increase in Cuckoo-branded products to RM983.2 million. The company also recorded a 23.2% rise in profit before tax (PBT) and a 47.7% increase in profit attributable to owners of the company (PATAMI), reaching RM128.9 million. 'We are pleased to deliver a strong financial performance, highlighting our ongoing commitments in expanding the Company's market presence by leveraging Cuckoo Malaysia's effective business model, omni-channel distribution network and ever-expanding wellness ecosystem,' said its CEO and non-independent ED Hoe Kian Choon. He added: 'We are confident that it will support our continued growth and enable us to serve a larger customer base by building brand loyalty to retain our customers, and to cross-sell more of our products or services to them.' — TMR
Borneo Post
13-05-2025
- Business
- Borneo Post
CUCKOO Malaysia issues supplementary prospectus, posts record revenue in FYE2024 ahead of IPO
In its supplementary prospectus, CUCKOO Malaysia reported a record revenue of RM1.24 billion for the financial year ended Dec 31, 2024 (FYE2024), sustaining its RM1 billion-plus revenue track record, ahead of its scheduled listing on the Main Market of Bursa Malaysia on June 24, 2025. KUALA LUMPUR (May 13): CUCKOO International (MAL) Berhad (CUCKOO Malaysia), a healthy home Creator, recently announced the issuance of its supplementary prospectus that highlights several amendments to the Principal Prospectus. This follows the company's earlier announcement regarding the rescheduling of its initial public offering (IPO), a carefully considered and strategic decision made by CUCKOO Malaysia's management with the interests of the company and its investors in mind, in targeting a successful and sustainable entry into the public market. In its supplementary prospectus, CUCKOO Malaysia reported a record revenue of RM1.24 billion for the financial year ended Dec 31, 2024 (FYE2024), sustaining its RM1 billion-plus revenue track record, ahead of its scheduled listing on the Main Market of Bursa Malaysia on June 24, 2025. The 11 per cent revenue growth was driven by strong performances from CUCKOO Co-Created products, which surged 62.6 per cent to RM250.3 million, and CUCKOO-branded products, which rose three per cent to RM983.2 million. The company also recorded a 23.2 per cent year-on-year increase in profit before tax (PBT), supported by higher gross profits and lower finance costs due to a decrease in net foreign exchange loss on outstanding foreign currency amounts, though partially offset by RM5.7 million in IPO-related expenses. CUCKOO Malaysia non-independent executive director and chief executive officer Hoe Kian Choon expressed optimism in the company's trajectory, particularly following its cumulative profit after tax and minority interests (Patami) of RM128.9 million for the FYE2024, a 47.7 per cent increase from RM87.3 million recorded in financial year ended 2023. Hoe Kian Choon He anticipates positive and promising long-term prospects ahead, underpinned by CUCKOO Malaysia's strong consumer demand, a resilient rental business model, continued investment in technology and infrastructure, and an experienced key senior management team in place to strategically navigate current market landscape. 'We are pleased to deliver a strong financial performance, highlighting our ongoing commitments in expanding the company's market presence by leveraging CUCKOO Malaysia's effective business model, omni-channel distribution network and ever-expanding wellness ecosystem. 'We are committed to maintaining this momentum across all our business segments by increasing product SKUs and home care service offerings, while strengthening our distribution channel across Malaysia and Singapore. 'With this, we are confident that it will support our continued growth and enable us to serve a larger customer base by building brand loyalty to retain our customers, and to cross-sell more of our products or services to them,' Hoe elaborated. Additionally, the supplementary prospectus also provides information on the closing date for withdrawals, which is at 5pm, May 22, 2025, and specific details of the investor subscription withdrawal process, including period and methods, which will be opened by the company for investors who have submitted prior to the announcement of the IPO rescheduling but wish to withdraw their applications for the IPO. The Investors may withdraw their applications through Malaysian Issuing House, bank branches, or online platforms where they have previously applied, with refunds processed either on the same day or within eight market days from the issuing house's receipt of the completed and valid withdrawal request form, depending on the method. Applicants withdrawing via form submission must complete the withdrawal request form, available from the issuing house or attached together with the supplementary prospectus, and submit it through one of the following methods: via the Issuing House's website ( email ([email protected]), or by post to Malaysian Issuing House Sdn Bhd or delivery by hand and deposit in the drop-in boxes provided at the front portion of Menara Symphony. The investors who choose to withdraw their applications will be allowed to reapply within the subscription period, subject to the terms and conditions set out in the supplementary prospectus. The IPO application remains open and will close on June 5, 2025 with the listing on the Main Market of Bursa Malaysia planned on June 24, 2025. The supplementary prospectus is available on Bursa Malaysia's website at and CUCKOO Malaysia's website at CUCKOO Malaysia IPO supplementary prospectus
New Straits Times
08-05-2025
- Business
- New Straits Times
Cuckoo Malaysia amends IPO prospectus, reports RM1bil revenue in FY24
KUALA LUMPUR: Cuckoo International (MAL) Bhd has issued a supplementary prospectus that includes amendments to its principal prospectus. The amendments came following the company's rescheduling of its initial public offering (IPO). In its supplementary prospectus, Cuckoo Malaysia reported a revenue of RM1.24 billion for the financial year ended Dec 31, 2024 (FY24), sustaining its RM1 billion-plus revenue track record, ahead of its scheduled listing on the Main Market of Bursa Malaysia on June 24, 2025. The 11 per cent revenue growth was driven by strong performances from Cuckoo Co-Created products, which surged 62.6 per cent to RM250.3 million, and Cuckoo-branded products, which rose three per cent to RM983.2 million. The company's pre-tax profit rose 23.2 per cent year-on-year (YoY) supported by higher gross profits and lower finance costs. Non-independent executive director and chief executive officer Hoe Kian Choon anticipates positive and promising long-term prospects ahead for Cuckoo. "We are pleased to deliver a strong financial performance, highlighting our ongoing commitments in expanding the company's market presence by leveraging Cucckoo Malaysia's effective business model, omni-channel distribution network and ever-expanding wellness ecosystem. "We are committed to maintaining this momentum across all our business segments by increasing product SKUs and home care service offerings, while strengthening our distribution channel across Malaysia and Singapore," he said in a statement.
