Latest news with #A1AKKoh
New Straits Times
11-07-2025
- Business
- New Straits Times
A1 AK Koh debuts at IPO price of 25 sen on ACE Market
KUALA LUMPUR: A1 AK Koh Group Bhd made a steady debut on the ACE Market of Bursa Malaysia, opening at its initial public offering (IPO) price of 25 sen. The food and beverage manufacturer was the most actively traded stock in early trade, with over 6.5 million shares changing hands as it traded between 24.5 sen and 25.5 sen. Founded in 1986, A1 AK Koh produces and distributes over 340 processed products, ranging from snacks, noodles and seasonings to canned seafood and beverages. The Johor-based company is also involved in contract manufacturing and sourcing for third-party brands. Its products, made at two facilities in Senai and Long An province, Vietnam, are exported to more than 10 countries. A1 AK Koh raised RM27.3 million from its IPO, with RM5 million earmarked for the construction of a new factory adjacent to its existing plant and RM1.8 million set aside to upgrade its current manufacturing facility in Senai. Additionally, RM8 million will be set aside for marketing and promotional initiatives, RM4 million for working capital and another RM4 million to repay bank borrowings. The remaining RM4.5 million will be used to cover listing-related expenses.
Malaysian Reserve
03-07-2025
- Business
- Malaysian Reserve
A1 AK Koh IPO draws tepid response from public investors
A1 AK Koh Group Bhd's initial public offering (IPO) on the ACE Market of Bursa Malaysia received a modest response from public investors, with some segments of the exercise seeing undersubscription. The company reported that total applications from public investors amounted to 46.80 million shares valued at RM11.7 million, slightly exceeding the 42 million shares offered. This reflects a subscription rate of just 1.11 times. However, the tranche earmarked for Bumiputera investors under the public portion fell short, attracting only 20% of the intended take-up. The unsubscribed shares were subsequently reallocated to the non-Bumiputera portion, which was oversubscribed by about two times. Shares reserved for eligible persons were fully taken up. Meanwhile, the private placement component — comprising both new and existing shares allocated to approved Bumiputera investors, institutions, and selected investors — was fully subscribed following a clawback and reallocation process. Allotment notices are scheduled to be posted to successful applicants on July 10, with the company's listing set for July 11. A1 AK Koh, known primarily for its premixed soup spices, will debut on the market with an issue price of 25 sen per share. The IPO is expected to raise RM27.3 million for the company which is based in Johor and established in 1986. A1 AK Koh manufactures and markets more than 340 processed food and beverage products, including snacks, noodles, seasonings, canned seafood, and ready-to-drink beverages. Post-listing, the company is expected to have a market capitalisation of RM210 million, translating to a valuation of approximately 18 times its latest earnings. AmInvestment Bank is acting as the principal adviser, sponsor, underwriter, and placement agent for the IPO. — TMR
