KUALA LUMPUR, Integrated aquaculture group Camaroe Bhd is looking to raise RM13.86 million from its initial public offering (IPO) ahead of its planned listing on the ACE Market of Bursa Malaysia on Oct 2, 2025.
The IPO involves the issuance of 99 million new shares at 14 sen per share.
Proceeds from the exercise will be used mainly for:
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RM6.89 million – construction of a new processing facility in Bukit Raja
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RM730,000 – purchase of machinery and equipment
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RM390,000 – installation of solar panels
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RM1 million – establishment of a biotechnology department
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RM960,000 – working capital
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RM3.9 million – listing expenses
Managing director Teoh Han Boon said the Bukit Raja facility is expected to be ready by 1Q 2029, after land handover in 2026 and subsequent approvals and construction.
Currently, China is the company’s largest export market, contributing 50–60% of revenue, followed by South Korea and Taiwan, while Malaysia accounts for 10–15%. Teoh added that Camaroe may re-enter the Australian market once its supply capacity expands.
The group produces between 800 and 1,000 tonnes of prawns annually, depending on size. Teoh noted that the company is moving towards antibiotics-free certification, which could fetch a 30% price premium.
Founded in 2009, Camaroe operates multiple coastal farms and a processing facility in Kapar, Selangor, focusing on live and frozen black tiger prawns for local wholesalers and international buyers.
Applications for the public issue are open from today until Sept 12, 2025, at 5pm.
M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter, and placement agent for the IPO.
