Evocom Bhd and its subsidiaries (collectively, the Group) provide flexible staffing solutions and network support services for the ecommerce and logistics sectors, with the latter encompassing last-mile delivery, transhipment and parcel shipment activities.
As part of its listing exercise, Evocom’s initial public offering (IPO) comprises a public issue of 113.91 million new ordinary shares, together with an offer for sale of 22 million existing ordinary shares by its shareholders.
Of the new shares on offer, 22.78 million will be made available to the Malaysian public via balloting, providing retail investors with an opportunity to participate in the company’s listing. Meanwhile, a larger portion of 56.95 million shares has been allocated to approved bumiputra investors, to be identified by the Ministry of Investment, Trade and Industry (Miti), in line with the country’s equity ownership requirements.
The remaining 34.17 million shares will be offered to selected investors, which typically include institutional and other strategic investors identified by the company and its advisers ahead of the listing.
The IPO exercise underscores Evocom’s positioning within Malaysia’s growing ecommerce and logistics ecosystem, as the Group seeks to capitalise on rising demand for staffing flexibility and last-mile delivery infrastructure amid the continued expansion of online retail and parcel volumes in the region.
