Melaka-based food manufacturer Guan Huat Seng Holdings Bhd (GHS Holdings) plans to raise RM30 million from its initial public offering (IPO) ahead of its ACE Market debut on Bursa Malaysia on Jan 22, 2026.
Managing Director of Guan Huat Seng Yeo Tien Ee (second,left) and Executive Director Operations of TA securities Holdings Berhad Tah Heong Beng (second,right) officiated the launch of Guan Huat Seng Holdings Berhad’s prospectus in conjunction with its listing on the AC Market of Bursa Malaysia Securities Berhad, today.
According to the company, RM12 million (40%) of the proceeds will be used to partially fund a new integrated complex in Batu Berendam, Melaka, while RM9 million will go toward a new facility in Krubong. The remaining funds will be allocated for working capital (RM3 million), marketing (RM1.5 million), and listing expenses (RM4.5 million).
GHS Holdings managing director Yeo Tien Ee said the IPO proceeds are expected to enhance operational efficiency and support the company’s future growth plans, including expanding product offerings, strengthening customer relationships, and exploring new markets both in Malaysia and abroad.
The IPO comprises 141 million ordinary shares, including 120 million new shares and 21 million existing shares for sale, representing 29.78% of the enlarged share capital of 473.5 million shares.
Of the public issue, 23.8 million shares will be offered to the Malaysian public, 14 million shares to eligible directors, employees, and contributors to the group’s success, while 82.2 million shares will be placed privately to selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry.
Based on the IPO price of 25 sen per share, the group’s market capitalisation is projected at RM118.38 million. Public applications for the IPO are open from today until Jan 9, 2026. TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter, and placement agent for the exercise.
