In conjunction with its initial public offering (IPO), renowned Nanyang coffeehouse chain Oriental Kopi Holdings Berhad plans to issue 418.1 million new shares at an offer price of RM0.44 per share. The IPO is expected to raise RM183.96 million, which will primarily be used to establish a headquarters, central kitchen, and warehouse, expand outlets across Malaysia, and fund working capital.
Notably, this marks the first company to launch a prospectus after entering 2025.
The company is slated to list on the ACE Market of Bursa Malaysia on Thursday, January 23rd.
Of the newly issued shares:
• 60 million shares will be available for public application.
• 20 million shares will be reserved for eligible directors, employees, and contributors.
• 88.1 million shares will be privately placed with selected investors.
• 250 million shares will be allocated to Bumiputera investors approved by the Ministry of Investment, Trade, and Industry (MITI).
Oriental Kopi’s core business includes managing the Oriental Kopi café chain and distributing and retailing packaged food products under related brands.
Established in December 2020, the company currently operates 19 self-owned cafés and 1 joint-venture café in Malaysia and Singapore. These outlets are located in shopping malls, standalone shop lots, and KLIA2. Additionally, the company runs a specialty retail store in Johor.
