KUALA LUMPUR, September 25 – Mercury Securities Group Berhad, known as Mercury Securities, has officially unveiled its prospectus in anticipation of its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Berhad. This landmark development aims to raise RM39.27 million through the issuance of 157.09 million shares at an issue price of RM0.25 per share. As an investment holding company, Mercury Securities, operating through its wholly-owned subsidiary Mercury Securities Sdn Bhd, is actively involved in stockbroking, corporate finance advisory services, margin financing facilities, underwriting and placement services, and the provision of nominee and custodian services.
The proceeds from the IPO will be strategically allocated as follows:
- RM26.86 million for the expansion of margin financing facility services.
- RM2.88 million dedicated to enhancing the digitalization program and boosting marketing activities for the stockbroking business and the group’s operations.
- RM4.63 million for working capital.
- RM4.90 million designated for estimated listing expenses.
Mr. Chew Sing Guan, Managing Director of Mercury Securities, emphasized the significance of this listing and its implications for the company’s future. He stated, “We plan to leverage this listing to continue to innovate, digitize, and expand our product and service offerings. With our diverse range of products and services that we now offer, which include stockbroking, corporate finance, proprietary trading, margin financing and research advisory, custodian and nominee services, we are embarking on a journey that is not just a corporate milestone, but a springboard for our group to reach higher and deeper into the capital market.”
Mr. Chew Sing Guan further acknowledged Mercury Securities’ consistent profitability since its inception in 1992 and highlighted that it will be the first stockbroking company to pursue an IPO listing on Bursa in the last 20 years. He expressed his gratitude to the dedicated team and clients, emphasizing Mercury’s commitment to adapt and thrive in an ever-evolving capital market. Deputy Chief Executive Officer, Ms. Alyn Lim Geok Lian of Public Investment Bank Berhad (PIVB), commented on the significance of Mercury Securities’ long-standing presence and strong leadership.
She stated, “This would not have been possible if it wasn’t for the strong leadership of Mr. Chew Sing Guan, the Managing Director of Mercury Securities whom has guided the Group to where it is today. We believe that the Group is in capable hands and will continue to scale greater heights and create more value for all its stakeholders.” Applications for the Public Issue are open and will close on 5 September 2023 at 5.00 p.m.
Mercury Securities is scheduled to be listed on the ACE Market of Bursa Securities on 19 September 2023, and upon listing, it will have a market capitalization of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares. PIVB assumes the role of Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for this IPO exercise.
