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
BusinessToday
30 minutes ago
- BusinessToday
KL Hosts 58th ASEAN Foreign Ministers' Meeting Amid Heightened Global Interest
The Malaysian capital takes centre stage on the international diplomatic calendar this week as it hosts the 58th ASEAN Foreign Ministers' Meeting (AMM) and related sessions from July 8 to 11 under the theme 'Inclusivity and Sustainability', in line with Malaysia's 2025 ASEAN Chairmanship. Held at the Kuala Lumpur Convention Centre (KLCC), the high-level event gathers over 40 foreign ministers and representatives from ASEAN member states and external partners, with the exception of Myanmar, which will be represented by a senior foreign ministry official. Timor-Leste will attend as an observer. Foreign Ministry secretary-general Datuk Seri Amran Mohamed Zin confirmed full attendance from ASEAN's dialogue partners, reflecting global interest in the bloc's strategic role. Among the key attendees are US Secretary of State Marco Rubio, China's Foreign Minister Wang Yi, and Russia's Foreign Minister Sergey Lavrov. Malaysia is also expected to announce the accession of two new countries from Africa and South America to the Treaty of Amity and Cooperation in Southeast Asia (TAC) during the meetings. A total of 24 ASEAN-level meetings, including bilateral sessions with partners such as Australia, the EU, Japan, South Korea, India, the UK, and others will be chaired by Foreign Minister Datuk Seri Mohamad Hasan. Prime Minister Datuk Seri Anwar Ibrahim will officially open the AMM and deliver a keynote address on Wednesday. Related
Barnama
an hour ago
- Barnama
Kenanga IB Launches Structured Warrants Linked To Hang Seng Indices On Bursa Malaysia
REGION - CENTRAL > NEWS KUALA LUMPUR, July 7 (Bernama) -- Kenanga Investment Bank Bhd has launched a new suite of structured warrants on Bursa Malaysia today, offering Malaysian investors direct access to global markets through exposure to two of Hong Kong's leading Hang Seng equity benchmarks. The two new structured warrants are the Hang Seng Tech Index (HSTECH) and the Hang Seng China Enterprises Index (HSCEI). The HSTECH comprises the 30 largest technology companies listed in Hong Kong, including giants such as Alibaba, Tencent and Meituan, while the HSCEI captures leading Chinese companies listed in Hong Kong, across the information technology, consumer discretionary, and financial sectors. In essence, this index represents a diversified snapshot of China's economic transformation. bootstrap slideshow Kenanga IB group managing director Datuk Chay Wai Leong said the launch of HSCEI and HSTECH structured warrants marks a pivotal step in its mission to democratise access to global markets. "As Malaysia's leading issuer, Kenanga group remains committed to driving innovation, expanding investor opportunities, and shaping the future of structured warrants. "This initiative reflects our long-term vision to empower a new generation of traders while reinforcing our leadership in the region's capital markets," he said during the launch at Bursa Malaysia today. He added that Kenanga IB warrants achieved a record-breaking 52 per cent market share with a total turnover of RM15.7 billion in 2024. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said that with this issuance, this milestone expands the choices available to Malaysian retail investors, giving them direct exposure to globally recognised companies. "The inclusion of these foreign equities underlying companies enriches the Malaysian market, making investing access more global and relatable," he said at the launch.
The Sun
an hour ago
- The Sun
Clear policies boost Malaysia's foreign investments, says Fahmi
GENEVA: Clear and consistent government policies, combined with political stability, are crucial in attracting foreign investments to Malaysia, according to Communications Minister Datuk Fahmi Fadzil. Speaking at a gathering with the Malaysian diaspora, he highlighted key frameworks such as the MADANI Economy, 12th Malaysia Plan, and National Energy Transition Roadmap (NETR) as factors that build investor confidence. 'These policies provide clarity and assurance to investors. They trust that such policies won't be changed arbitrarily,' Fahmi said. Recent data from the Department of Statistics Malaysia (DOSM) and the Ministry of Investment, Trade and Industry (MITI) supports Malaysia's position as a preferred investment destination. Approved investments for Q1 2025 reached RM89.8 billion, a 3.7 per cent increase year-on-year, despite global economic challenges, as reported by the Malaysian Investment Development Authority (MIDA). The event at Rumah Malaysia was attended by around 50 Malaysians, including students, professionals, and embassy staff. Fahmi also noted Malaysia's advancements in communications, ranking among the top 10 countries for affordable internet and second in the Asia-Pacific for speed after South Korea. Malaysia's Permanent Representative to the UN in Geneva, Datuk Nadzirah Osman, said the gathering allowed Malaysians abroad to engage directly with the minister. Syakira Ramli, President of the Malaysian Association of Geneva, discussed potential improvements by learning from Switzerland's administrative strengths. Meanwhile, Malvyn Tan of IATA appreciated the open dialogue with Fahmi, who is leading Malaysia's delegation at the WSIS+20 summit. - Bernama
