KUALA LUMPUR, October 15 – Camaroe Berhad (“Camaroe”), an integrated aquaculture group specialising in black tiger prawn farming and processing, successfully debuted on the ACE Market of Bursa Malaysia Securities Berhad today with an opening price of RM0.16 per share under the stock name “CAMAROE” and code “0371”.
Founded in 2009 with just four ponds, the Group now operates 138 ponds across five coastal farms along with a dedicated processing facility in Kapar, Selangor, supplying both domestic and international markets including China, South Korea, and Taiwan.
Through its IPO, Camaroe raised RM13.86 million, which will be allocated towards the construction of a new processing facility in Bukit Raja, investment in biotechnology and R&D, solar panel installations, and working capital.
Independent Non-Executive Chairman Dato’ Zainal Azman Bin Abu Seman said the listing marked a milestone in Camaroe’s journey to becoming a leading aquaculture player in the region.
While M & A Securities Sdn Bhd Managing Director Datuk Bill Tan highlighted the Group’s strong fundamentals and sustainable growth strategy in meeting global demand for responsibly sourced premium seafood.
