03-07-2025
A1 A.K Koh Group IPO Oversubscribed By 1.11 Times
A1 A.K. Koh Group Berhad announced that the public portion of its Initial Public Offering on the ACE Market of Bursa Malaysia Securities Berhad has been oversubscribed, reflecting strong investor confidence.
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
