Semico Capital Berhad has entered into an underwriting agreement with Affin Hwang Investment Bank Berhad for its forthcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad. The IPO will see the issuance of 92.7 million new shares, representing 25.7% of the company’s enlarged share capital, alongside an offer for sale of 18 million existing shares, accounting for 5%.
The distribution of the 92.7 million new shares includes 18 million shares available to the Malaysian public via balloting, 15 million shares allocated to eligible directors, employees, and business associates, and 59.7 million shares offered through private placement to selected investors. The 18 million existing shares will also be available via private placement.
Affin Hwang has agreed to underwrite 33 million shares for the Malaysian public and the Pink Form Allocation. Semico Capital, known for its family entertainment products and services, operates a family entertainment centre in Selangor and distributes toys and collectables across Malaysia. It holds exclusive distributorships for brands like Superwing and Dreamfuns.
Executive Director and CEO Tai Lee Chuen stated, “The signing of this underwriting agreement with Affin Hwang marks an important milestone for Semico Capital as we progress towards our ACE Market listing on Bursa Securities.”
The company aims to strengthen its market position and expand its offerings. The listing is expected by January 2026, with Affin Hwang serving as the Principal Adviser, Sponsor, Sole Placement Agent, and Sole Underwriter.
