Oriental Kopi’s 44 sen IPO aims to raise RM183.96M for expansion, working capital, and new facilities, listing Jan 23.
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.
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.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
AMD unveiled MRC to strengthen AI networking. The protocol ensures GPUs stay synchronized under real‑world…
Frontken posts RM38.9m profit, driven by Malaysia O&G surge and Taiwan semicon demand; TP raised…
KLCI’s breakout above its symmetrical triangle formation signals further upside towards 1,777 as market sentiment…
US-Iran peace deal could lower oil prices immediately, but physical market recovery will take months…
YTL Corp highlights undervalued assets, landbank and construction pipeline, with BUY rating maintained and RM3.44…
The improved formulations now offer an added nutritional support with Lutein, a nutrient that helps…
This website uses cookies.
