EMPG Group Berhad has obtained approval-in-principle from Bursa Malaysia Securities Berhad for its proposed listing on the ACE Market. This regulatory milestone advances the Malaysian apparel retailer’s initial public offering process, enabling the company to raise capital for expanding its retail network and strengthening its multi-brand portfolio.

The IPO structure comprises a public issue of 121.60 million new ordinary shares and an offer for sale of 48.50 million existing shares. The capital raise is designed to fund the opening of 100 new consignment counters and 15 boutiques within 24 months of listing, primarily for Hummer, Pierre Cardin, and other existing brands.

IPO Structure Details

The share allocation is divided between new issuances and existing share sales across various investor categories.

The majority of the new issuance, 75.75 million shares or 12.50% of the enlarged capital, is reserved for a private placement to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry. The Malaysian public will receive access to 30.30 million shares via balloting, with half set aside for Bumiputera investors.

Use of Proceeds

EMPG intends to utilize the IPO proceeds for three primary purposes: expanding its retail footprint, securing additional working capital, and covering estimated listing expenses. The working capital injection aims to support day-to-day operating costs, specifically funding the purchase of products for in-house brands such as Exhaust, Idexer, and Silverland.

Loh Tau Sing, Managing Director of EMPG Group Berhad, stated that the approval brings the company closer to the public capital market. He noted that the funds will support operational infrastructure enhancements and broaden product offerings to build a scalable multi-brand platform.

Corporate Advisors

Berjaya Securities Sdn Bhd serves as the principal adviser, sponsor, underwriter, and placement agent for the transaction. WYNCORP Advisory Sdn Bhd acts as the corporate finance adviser.