Aquawalk Group Berhad, renowned for its world-class aquaria such as Aquaria KLCC, has successfully launched on the ACE Market of Bursa Malaysia Securities Berhad. Trading under the stock name AQUAWALK with the code 0380, shares opened at 30.0 sen and climbed to 33.5 sen by midday, reflecting strong investor interest.
The Group Executive Chairman, Simon Foong, expressed enthusiasm about the listing, stating, “Today is a momentous day for Aquawalk as we officially list on the ACE Market of Bursa Securities and are excited to embark on this new chapter of growth.” The funds raised from the initial public offering (IPO) will be directed towards enhancing existing facilities and expanding into new locations in Kota Kinabalu, Malaysia, and Java, Indonesia.
Aquawalk plans to allocate RM89.8m of the RM114.3m raised for capital expenditure, with additional funds earmarked for IT improvements, working capital, and listing expenses. The company aims to enrich visitor experiences and support sustainable tourism and marine conservation.
Aquawalk integrates tourism, education, and conservation, welcoming over one million visitors annually. The company is set to benefit from regional tourism growth, bolstered by initiatives like ‘Visit Malaysia 2026’. M & A Securities Sdn Bhd and CGS International Securities Malaysia Sdn Bhd are key partners in the IPO process.
