Summary
- EMPG Group has received approval-in-principle for an ACE Market listing.
- Its proposed IPO includes 121.6 million new shares and 48.5 million existing shares.
- Proceeds will support retail expansion, working capital and listing expenses.
- EMPG plans 100 new consignment counters and 15 boutiques within 24 months after listing.
LUNAS, September 15 — Kedah-based apparel group EMPG Group Berhad has received Bursa Malaysia Securities’ approval-in-principle for its proposed ACE Market listing.
The IPO comprises a public issue of 121.6 million new shares and an offer for sale of 48.5 million existing shares. EMPG operates owned and licensed apparel brands through consignment counters.
Retail outlets, e-commerce and wholesale channels. The group plans to use IPO proceeds to expand its retail network, fund working capital and cover listing expenses.
It aims to open 100 new consignment counters and 15 boutiques within 24 months of listing, including for Hummer and Pierre Cardin brands.
