Tealive has shelved its initial public offering (IPO) plan for a second time due to weaker financial performance and rising competition in the beverage industry, including increased pressure from Chinese brands.
The company said its latest full-year results fell below expectations.
Founder and CEO Bryan Loo Woi Lip said the IPO plan remains on track and the group’s long-term strategy has not changed, describing the delay as a “timing issue” as the company focuses on improving performance and creating long-term shareholder value.
Earlier on June 5, 2025, Tealive’s operating company Loob Holding filed a prospectus exposure with the Securities Commission Malaysia for a planned listing on Bursa Malaysia’s Main Market.
Loob Holding had first considered an IPO in 2020, targeting up to RM300 million, but postponed the plan due to weak market conditions during the Covid-19 pandemic.
The group operates more than 950 Tealive outlets and 140 Bask Bear stores across Malaysia and other markets, supported by a workforce of about 4,500 employees. Its portfolio also includes brands such as Croissant Taiyaki, Gindaco, Tearush, Wonderbrew and SodaXpress.
The IPO delay comes as the company continues to expand its food and beverage footprint while navigating a more competitive market landscape.
