Latest news with #A1AKK
BusinessToday
03-07-2025
- Business
- BusinessToday
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
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.
The Star
03-06-2025
- Business
- The Star
A1 AKK inks agreement with AmInvestment Bank
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie. KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering Of this amount, 42 million shares will be made available to the Malaysian public, while the remaining 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58.8 million new shares under the public issue will be allocated to institutional and selected investors through a private placement exercise. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Investment, Trade and Industry Ministry and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. 'The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allow it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive food and beverage landscape,' said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
The Star
03-06-2025
- Business
- The Star
A1 AK Koh signs underwriting agreement with AmInvestment Bank for ACE Market IPO
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering - of which 42 million will be made available to the Malaysian public while 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58,800,000 new shares under the public issue will be placed out to institutional and selected investors by way of private placement. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia (Miti) and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. "The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allows it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive F&B landscape," said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
