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Home Digital Lifestyle

Oriental Kopi announces January 23 IPO listing on Bursa’s ACE

by admin
5 months ago
in Digital Lifestyle
Oriental Kopi announces January 23 IPO listing on Bursa’s ACE
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If the snaking strains exterior of varied Oriental Kopi shops are of any indication, the F&B chain has been constantly in excessive demand.

And that needs to be excellent news for buyers, as Oriental Kopi’s itemizing on Bursa’s ACE Market has been scheduled for January 23.

It has set its preliminary public providing (IPO) value at 44 sen per share, and goals to lift RM183.96 million by means of the IPO.

In response to The Edge, the corporate intends to make use of its IPO proceeds as follows:

  • RM75.78 million might be used for working capital
  • RM53.68 million will go to organising a brand new head workplace, central kitchen, and warehouse
  • RM36.4 million might be for the growth of cafes inside Malaysia
  • The remainder has been allotted for advertising and marketing actions in international international locations, growth of its manufacturers of packaged meals, and to defray itemizing bills

Below the IPO, the corporate has put aside 60 million new shares for the general public and 20 million shares for eligible individuals, The Edge reported. 

Oriental Kopi may even promote 88.1 million new shares to pick buyers and 250 million shares to Bumiputera buyers, each by means of non-public placement. 

Fast progress that hasn’t gone unnoticed

Based by Datuk Calvin Chan, his brother-in-law, Sean Koay Track Leng, and sister, Callie Chan Yen Min, the corporate has grown to 19 cafes throughout Malaysia and one in Singapore in 4 years.

It’s well-known for its signature egg tarts (that are recognised by The Malaysia E-book of Data for having the thickest crust), espresso, nasi lemak, and polo buns, to call a number of menu gadgets.

On the time of writing, 13 of the 19 cafes owned by the corporate in Malaysia have been licensed halal, with the remainder within the strategy of being licensed.

In response to The Star, all its packaged meals merchandise have been halal-certified, and are largely bought in-store or by means of distribution channels resembling supermarkets and ecommerce platforms.

The Edge experiences that Oriental Kopi greater than doubled its internet revenue to RM43.13 million within the monetary yr ended September 30, 2024.

Past these accolades and efforts, nonetheless not a lot may be publicly discovered in regards to the firm’s founding story. 

We hope that sometime, there’ll be extra alternatives for aspiring entrepreneurs to be taught from Oriental Kopi’s founders’ enterprise playbook.

  • Study extra about Oriental Kopi right here.
  • Study extra about Bursa’s markets right here.

Featured Picture Credit score: Bernama / The Trade TRX





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Tags: ACEAnnouncesBursasIPOJanuaryKopiListingOriental
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