Kuala Lumpur, Aug 23: EPB Group Berhad (“EPB”), a leading provider of food processing and packaging machinery solutions, made a successful debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today.
The company’s shares opened at RM0.65 per share, a notable 16.07 per cent premium above the initial public offering (IPO) price of RM0.56 per share.
Listed under the stock name “EPB” and stock code “0317,” the Group is renowned for its expertise in the design, customisation, fabrication, integration, and automation of production lines.
EPB’s innovative technologies have played a key role in elevating the quality of food processing and packaging solutions, helping clients achieve their environmental, social, and governance (“ESG”) objectives by improving operational efficiency and product quality.
The IPO raised RM40.08 million, which will be allocated towards factory expansion (RM24.60 million), repayment of bank borrowings (RM3.00 million), working capital (RM8.48 million), and listing expenses (RM4.00 million).
Noor Azman Bin Nordin, Independent Non-Executive Chairman, expressed gratitude for the positive response to the IPO: “This significant occasion marks a milestone for EPB, reflecting the hard work and dedication of our team and the market’s confidence in our vision and strategy. The increasing demand for automation and advanced machinery in the food processing and packaging sectors presents tremendous opportunities for us. With our listing, EPB is well-positioned to drive growth and innovation.”
Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., added: “The successful listing of EPB Group Berhad marks an important milestone for the company and highlights the strong prospects of the industry. The sector continues to evolve with increasing consumer demand for high-quality, efficient automated solutions for food processing and packaging. Concurrently, EPB Group’s strategic focus on technological advancements and customisation uniquely positions it to capitalise on these trends.”
Malacca Securities Sdn. Bhd. served as the Principal Adviser, Sponsor, Underwriter, and Placement Agent, while WYNCORP Advisory Sdn. Bhd. acted as the Corporate Finance Adviser for EPB Group Berhad.
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