KUALA LUMPUR, Port Klang-based logistics provider Likei Logistic Services Bhd is planning to list on Bursa Malaysia’s ACE Market to support its business expansion.
According to its draft prospectus, the initial public offering (IPO) will comprise 92.19 million new shares and 51.63 million existing shares offered for sale, collectively representing 41.78% of the company’s enlarged share capital. The issue price has not yet been fixed.
Proceeds from the offer for sale will go to its largest shareholder and non-independent non-executive director, Keith Law Li Kit, whose stake will be reduced from 59.63% to 28.66% following the listing.
Funds raised from the issuance of new shares will be used to expand Likei’s fleet of commercial vehicles, construct a new warehouse, and strengthen its working capital. Likei and its subsidiaries provide container haulage, freight forwarding, and warehouse services.
For the financial year ended March 31, 2025 (FY2025), the company posted a profit after tax of RM10.55 million on revenue of RM37.12 million, with a PAT margin of 30.23%.
Container haulage and logistics services contributed RM25.45 million, or 68.56% of total revenue, followed by freight forwarding (RM10.3 million), warehouse services (RM1.03 million), and goods trading (RM344,000). KAF Investment Bank Bhd has been appointed as the principal adviser, sponsor, underwriter, and placement agent for the IPO.
