
Oasis Home prices IPO shares at 28 sen each, expects to raise RM28m
Out of the RM28 million, RM13.7 million (48.93%) is for the expansion of its live commerce sales channels, RM3.6 million (12.86%) for setting up its fulfilment centre and RM4.3 million (15.36%)for working capital.
Additionally, the company will use RM2 million (7.14%) to establish a new headquarters and allocate the remaining RM4.4 million (15.71%) for listing expenses.
The group leverages a mix of online and offline platforms to drive sales and consumer engagement. Its primary digital sales channels include live commerce platforms, its proprietary mobile application, and its website – Oasis Home – which together serve as the group's core e-commerce hubs.
Additionally, Oasis Home extends its digital footprint through e-commerce marketplaces such as Lazada, Shopee, and TikTok Shop.
As part of its digital marketing initiatives, the group employs targeted advertising across social media platforms to boost visibility and connect with a broader audience.
To complement its online presence, the group also integrates an online-to-offline strategy by offering in-person experiences through its product experience centres located in Bukit Jalil, Kuala Lumpur, and Johor Bahru, Johor.
At the launch of the prospectus today, CEO Datuk Teoh Yee Seang said it signals a new chapter of growth for Oasis Home. 'The proceeds from our IPO will play a key role in accelerating our expansion plans, particularly in strengthening our live commerce presence.'
Teoh said it plans to introduce five new live commerce channels across Facebook and TikTok to connect with more customers through real-time experiences. 'In parallel, we will be setting up our fulfillment center to support this growth. This will reduce costs and enhance profit margins as our live commerce footprint expands.'
Looking ahead, Teoh said the live commerce space continues to gain momentum, especially in Southeast Asia, where the market is projected to see strong growth over the next two years.
'Malaysian consumers are among the top three globally in terms of livestream viewership and purchasing activity, with more than half of viewers making purchases during sessions. Our strategic focus on live commerce is aligned with these evolving consumer behaviours, and we are confident in our ability to seize the opportunities ahead and further grow our market presence.'
Teoh said Oasis Home targets to pay at least 30% of its consolidated profit after tax as a dividend, subject to the group's financial position and other financing requirements.
The group's IPO involves the public issuance of 100 million new ordinary shares, representing 20% of the group's enlarged number of issued shares, as well as an offer for sale of 50 million existing shares, or 10% of the enlarged issued share capital.
Of the public issue of 100 million shares, 25 million will be made available to the Malaysian public via balloting and 10 million issue shares to its directors and employees who are eligible to participate in the IPO.
The remaining 62.5 million issue shares and 2.5 million issue shares will be made by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry and to selected investors, respectively.
Select investors will have access to 50 million offer shares through a private placement.
Based on the IPO price of 28 sen per share and its enlarged share capital of 500 million shares, Oasis Home will have a market capitalisation of RM140 million upon listing.
For the financial year ended June 30, 2024, Oasis Home's revenue grew to RM54.82 million from RM40.88 million recorded in the financial year ended June 30, 2022, reflecting a two-year compound annual growth rate (CAGR) of 15.8%.
Notably, the live commerce segment contributed 75.65% of total revenue for FY24.
Over the same period, net profit saw a CAGR of 22.93%, rising from RM5.34 million to RM8.07 million in FY24.
The group is scheduled to be listed on the ACE Market of Bursa Malaysia on May 28.
MIDF Amanah Investment Bank Bhd is the principal adviser, sponsor, underwriter, and placement agent for the IPO.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


BusinessToday
6 hours ago
- BusinessToday
Median Wage Rises To RM3000 In March As Labour Market Strengthens
Malaysia's formal sector labour market continued its recovery in early 2025, with the median monthly wage reaching RM3,000 in March, a 5.5% increase from RM2,844 in the same month last year. The growth in wages was supported by steady employment gains and government wage policies, including the upward revision of the minimum wage. According to the Department of Statistics Malaysia (DOSM), formal sector employment expanded by 3.6% year-on-year in March, with earlier gains of 3.1% in January and 3.4% in February, reflecting consistent momentum across the first quarter of 2025. Of the 6.8 million formal employees, the report showed males accounted for 55.1% (3.7 million), earning a median wage of RM3,000, while females made up 44.9% (3.04 million) with a slightly lower median wage of RM2,982. Wage growth was stronger among women, rising by 6.5%, compared to 3.4% for men, indicating gradual progress in closing the gender wage gap. Wages rose across all age groups, with the most notable increase among employees under 20, whose median wage surged by 13.3% to RM1,700. However, employment numbers declined slightly in the 20–24 age bracket, bucking the positive trend seen in other age groups. DOSM noted that the Mining & Quarrying sector continued to offer the highest remuneration, with a median wage of RM8,800, despite employing just 0.6% of the workforce. This marked a 4.8% year-on-year rise. At the other end of the spectrum, the Agriculture sector recorded the lowest median wage at RM2,200, covering 1.9% of formal employees. Geographically, Wilayah Persekutuan Kuala Lumpur topped the wage scale with a median of RM4,445, followed by Selangor at RM3,300. In contrast, Sabah (RM2,000), Kelantan (RM1,800), and Perlis (RM1,800) had the lowest median monthly wages in the country. While wage levels rose, income distribution remains a point of concern. As of March 2025: 27.4% of formal employees earned below RM2,000, down from 31.2% in March 2024, suggesting modest progress in reducing low-income prevalence. The 10th percentile earned RM1,700 or less, but this marked a 13.3% increase compared to RM1,500 a year ago. The 90th percentile of high-income earners made RM11,000 or more, up 4.8% year-on-year. The upward trend in wages and employment signals a healthier labour market environment, underpinned by robust economic growth and proactive policy measures. Related


The Sun
6 hours ago
- The Sun
Juwai IQI launches bank-grade ‘checkout' feature to protect property buyers, renters from fraud
PETALING JAYA: Malaysia's RM725 billion annual e-payment transactions could get a RM3.6 billion boost from real estate as IQI embeds a one-tap bank-grade 'checkout' button that will make every transaction fraud-resistant. 'Malaysian home buyers and renters finally have a bank-grade 'checkout' button for their purchase and rental booking fees and deposits,' said Juwai IQI co-founder COO and CIO Nabeel Mungaye. He said they created the system in partnership with payments infrastructure provider FPX, and it works with every major bank in the country, including Maybank, CIMB, Public Bank, RHB Bank and Hong Leong Bank. 'The average rental deposit is RM4,800 and the average buyer's booking fee is about RM14,500. That's a significant share of anyone's household budget, so we have a responsibility to make sure it is secure, he said, adding that this payment integration complies with anti-money laundering rules, safeguards all parties to property transactions and helps prevent property scams. Mungaye said some 300 people lose more than RM12 million to property fraud every year. The most common scams include fake rental listings, inflated deposits, fees for fake services and even sale of properties that scammers do not own. 'Malaysians transacted 28% more via digital payments in 2024 than in 2023. If every Malaysian goes on to pay their real estate booking fees via a digital payment system like IQI's, that would add RM3.6 billion in value to the country's digital payments. Real estate would boost the RM14.7 billion of annual digital payments by nearly 25%.' Mungaye believes they are the first to integrate secure payments into buying and renting through an online payments system in partnership with a top provider like FPX. He said, 'Before, you might have given cash to agents, written a cheque, or transferred funds into an agent's personal bank account. You had to wait to see if your funds made it to their destination. As of now, you just scan a QR code, add your info, and hit the button. The money goes into verified company accounts and is linked to you personally and to your property transaction. The benefits of the new system are a payments log-in you trust, instant receipts, no hidden fees, and 24-7 clearance.' Juwai IQI co-founder and group CEO Kashif Ansari said, 'The average house price across Malaysia now stands at RM486,070 and grew by 0.9% in January to March, compared to a year earlier. The number of newly launched residential units doubled to 12,498, and unsold inventory, especially serviced apartments, continued to shrink.' He added that they expect steady growth In the second half of the year, which will be supported by construction activity and new supply. Kashif said innovations like their new secure payments integration will help make property buying and renting simpler and faster, which could result in more deals done.


New Straits Times
13 hours ago
- New Straits Times
Median monthly wage for formal sector rises to RM3,000 in Q1 2025
PUTRAJAYA: The median monthly wage for Malaysia's formal sector rose 5.5 per cent to RM3,000 in March 2025, up from RM2,844 a year earlier, according to the Employee Wages Statistics (Formal Sector) Report for the first quarter of 2025, released by the Department of Statistics Malaysia (DOSM) today. In a statement today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase reflects the country's continued economic growth and the impact of the revised minimum wage policy, which has positively influenced the labour market. As of March, he said the formal sector workforce stood at 6.8 million, comprising 55.1 per cent men and 44.9 per cent women. The median wage for male employees remained at RM3,000, while female employees saw a 6.5 per cent increase to RM2,982, compared to a 3.4 per cent rise for men. The highest year-on-year wage growth was recorded among workers under 20, with their median wage rising 13.3 per cent to RM1,700, largely driven by the reimplementation of the minimum wage policy in February. However, a slight drop was observed in the number of workers aged 20 to 24. He added that the mining and quarrying sector posted the highest median wage at RM8,800, although it accounted for just 0.6 per cent of total formal employment. The agriculture sector remained the lowest, with a median wage of RM2,200. Geographically, the Federal Territory of Kuala Lumpur recorded the highest median monthly wage at RM4,445 in March 2025, followed by Selangor at RM3,300. At the other end of the spectrum, Sabah posted a median wage of RM2,000, while Kelantan and Perlis recorded the lowest at RM1,800. Mohd Uzir said 27.4 per cent of Malaysian formal sector workers earned below RM2,000 per month as of March, down 3.8 percentage points from 31.2 per cent in the same month last year. He added that a percentile analysis revealed workers in the bottom 10th percentile earned RM1,700 or less, while those in the top 10th percentile earned at least RM11,000 per month. "This reflects an income gap where the top 10 per cent earn six times more than the bottom 10 per cent," he said. -- BERNAMA