KUALA LUMPUR, June 28 – EPB Group Berhad (“EPB”), a leading provider of food processing and packaging machinery solutions, has announced its partnership with Malacca Securities Sdn. Bhd. for its forthcoming initial public offering (IPO) on Bursa Malaysia’s ACE Market. The IPO will involve the issuance of 71,570,000 new ordinary shares, constituting 19.24% of the enlarged share capital upon listing. Additionally, there will be an offer for sale of 40,000,000 ordinary shares, representing 10.75% of the enlarged share capital. Malacca Securities will underwrite 19,570,000 shares allocated to the Malaysian public and 21,196,000 shares under the Pink Form Allocations.
EPB Group Berhad aims to leverage this IPO to expand its market presence and enhance its offerings in the food processing and packaging machinery sector, particularly in robotics automation. Managing Director Mr. Yeoh Chee Min expressed confidence in the strategic move, emphasizing EPB’s commitment to innovation and growth. The partnership with Malacca Securities underscores EPB’s readiness to navigate the evolving landscape of the food industry, tapping into technological advancements to meet global demand.
