EPB Group Berhad (“EPB”) and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce the launch of its prospectus for the initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Mr. Stephen Chua Chee Keong, Independent Non-Executive Director, EPB Group Berhad; Mr. Ooi Hun Pin, Independent Non-Executive Director, EPB Group Berhad; Mr. Moh Jiun Haur, Director of WYNCORP Advisory Sdn Bhd. and WYNCORP Advisory; Mr. Liew Meng Hooi, Deputy Managing Director, EPB Group Berhad; Mr. Noor Azman Bin Nordin, Independent Non-Executive Chairman, EPB Group Berhad; Mr. Yeoh Chee Min, Managing Director, EPB Group Berhad; Ms. Ooi Kim Kew, Executive Director, EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Khor Chai Tian, Independent Non-Executive Director, EPB Group Berhad [L-R]This significant milestone is set to bolster EPB’s market position and support the expansion of its operations, driven by targeted growth strategies to expand its business footprint and adopting industrial revolution 4.0 through robotic integrations in their food processing and packaging machinery solutions.The Group, established in 1992, has built a strong market presence as a comprehensive solutions provider in the design, customisation, fabrication, integration, and automation of production lines for the food processing and packaging machinery solutions segment. The Group also excels in the trading of cellulose casings as well as manufacturing and trading of flexible packaging materials, catering to a wide range of needs in the food manufacturing industry.For information, the IPO shares shall be allocated in the following manner: –A. Public Issue of 71,570,000 new ordinary shares (“Issue Shares”)Malaysian public19,570,000 Issue Shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 Issue Shares shall be made available to Bumiputera public investors.Eligible persons21,196,000 Issue Shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group).Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”)30,804,000 Issue Shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by MITI by way of private placement.B. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”)Private placement to Bumiputera investors approved by MITI15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI.Private placement to selected investors24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.The proceeds of RM40.08 million raised from the Public Issue will be earmarked for the following purposes: –Factory expansion. Including the acquisition of land, construction of a new factory, and purchase of machineries to enhance operational capabilities.Repayment of bank borrowings. Strengthening the balance sheet and reducing gearing to further improve financial stability.Working capital purposes. Supporting daily operational needs and ensuring smooth business operations.Listing expenses purposes. Covering IPO expenses of the Group.
