MTT Shipping and Logistics Bhd has secured backing from CIMB Investment Bank and Affin Hwang Investment Bank for its upcoming listing on the Main Market of Bursa Malaysia, the company announced on Monday. The underwriting agreement covers the retail portion of the initial public offering (IPO), including shares allocated for the Malaysian public and eligible persons.
The IPO is targeted for the second quarter of 2026 and marks a significant milestone for Malaysia’s largest domestic container liner operator, based on cabotage volumes connecting Peninsular Malaysia, East Malaysia, and Brunei. The listing comes after the Securities Commission Malaysia approved the proposed IPO in January.
(From left) CIMB Investment Bank CEO and investment banking regional head Nor Masliza Sulaiman, MTT Shipping MD Ooi Lean Hin, executive chairman Datuk Seri Ong Kean Lee and Affin Hwang Investment Bank capital markets MD Johan Hashim.
Executive Chairman Datuk Seri Ong Kean Lee said the IPO is “an important next defining step” for MTT Shipping, enabling the company to expand its shipping and logistics network, enhance operational efficiencies, and pursue growth opportunities across the region.
As of September 1, 2025, MTT Shipping owns 26 vessels—the largest fleet of Malaysian-flagged container ships—and plans to deploy IPO proceeds primarily to acquire at least 10 additional container vessels over the next three years. This move will support the company’s strategy to expand its regional network across Southeast Asia, the Indian subcontinent, and southern China.
The IPO will comprise 571 million shares for institutional investors, including Malaysian and foreign institutions, and 62.5 million shares for retail investors. There will be no offer for sale of existing shares, meaning all funds raised will go directly to the company to finance expansion and operations.
Nor Masliza Sulaiman, CEO and Regional Head of Investment Banking at CIMB Investment Bank, said, “We are confident that the group is well-positioned to strengthen its leadership domestically while scaling new heights in regional expansion.”
Hanif Ghulam, CEO of Affin Hwang Investment Bank, echoed the sentiment, expressing enthusiasm in supporting MTT Shipping through its next phase of growth.
Under the IPO structure, CIMB Investment Bank serves as principal adviser, joint global coordinator, joint bookrunner, managing underwriter, and joint underwriter. CLSA will act as joint global coordinator and joint bookrunner, while Affin Hwang Investment Bank will function as joint bookrunner and joint underwriter.
