KUALA LUMPUR (Jan 6) — Cafe chain operator Oriental Kopi Holdings Bhd has set its IPO price at 44 sen per share, targeting to raise RM183.96 million ahead of its ACE Market listing on Jan 23. The IPO values the company at RM880 million, with a price-to-earnings ratio of 20 times based on FY2024 earnings.
Oriental Kopi
Proceeds will fund working capital (RM75.78 million), a new head office, central kitchen, and warehouse (RM53.68 million), and Malaysian cafe expansion (RM36.4 million). Established in 2020, Oriental Kopi operates 20 cafes in Malaysia and one in Singapore. Applications close on Jan 10.
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