EPB Group Berhad Archives

EPB Group Berhad Debut on the ACE Market with a 16.07% Premium Opening Price of RM0.65

EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, proudly made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.65 per share, representing a significant 16.07% premium over the IPO price of RM0.56 per share.

1. Ms. Tan Poh Lin, Senior Vice President of Malacca Securities Sdn. Bhd.
2. Mr. Fok Chuan Meng, Head of Dealing of Malacca Securities Sdn. Bhd.
3. Mr. Stephen Chua Chee Keong, Independent Non-Executive Director
4. En. Noor Azman Bin Nordin, Independent Non-Executive Chairman
5. Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad
6. Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad
7. Ms. Ooi Kim Kew, Executive Director of EPB Group Berhad
8. Mr. Khor Chai Tian, Independent Non-Executive Director of EPB Group Berhad
9. Mr. Ooi Hun Pin, Independent Non-Executive Director of EPB Group Berhad
10. Mr. Wong Yoke Nyen, Director of WYNCORP Advisory Sdn, Bhd.[L-R]

EPB is listed under the stock name “EPB” with the stock code “0317”.

Specialising in the design, customisation, fabrication, integration, and automation of production lines, the Group is a recognised leader in the food processing and packaging machinery industry. The Group’s innovative technologies and dedication to operational efficiency have been crucial in enhancing the quality of food processing and packaging solutions, supporting clients’ environmental, social, and governance (“ESG”) goals, including improving operational efficiency and product quality.

The successful initial public offering of EPB raised RM40.08 million from the Public Issue, which will be allocated for the following: –

RM24.60 million towards factory expansion, including acquisition of land, construction of factory, and purchase of machinery;
RM3.00 million for the repayment of bank borrowings;
RM8.48 million for working capital purposes; and
RM4.00 million for listing expenses.

En. Noor Azman Bin Nordin, Independent Non-Executive Chairman, stated: “We are deeply appreciative of the overwhelming response to our 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. Our plans include expanding our business footprint in Penang by building a new corporate office and a factory to enhance our production capabilities and provide additional warehousing space to meet future demand. We look forward to leveraging these opportunities to deliver greater value to our stakeholders.”

Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., shared: “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. We are excited to support EPB Group in leveraging these opportunities to drive growth and innovation in the food processing and packaging machinery industry.”

Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.

About EPB Group Berhad and its group of companies (“EPB Group”)

Since EPB Group Berhad (“EPB”) and its group of companies (the “Group”) inception in 1992, EPB Group has established itself as an experienced player in the food processing and packaging machinery industry in Malaysia. Starting with trading manual packaging machines, EPB Group has grown and diversified its offerings to include comprehensive solutions such as the design, customisation, fabrication, integration, and automation of production lines specifically for the food manufacturing and processing sectors. Additionally, EPB Group has expanded into trading of cellulose casings and manufacturing and trading of flexible packaging materials, enhancing its portfolio to cater to the dynamic needs of the food industry. Known for its dedication to innovation, customer-centric solutions, and operational excellence, EPB Group continues to strengthen its position in the market, driven by a commitment to advancing food processing and packaging technologies and expanding its presence both locally and regionally. For more information, visit https://epb.group/

Issued By: Swan Consultancy Sdn. Bhd. on behalf of EPB Group Berhad

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

Xinyi Ching
Tel: +60 19-337 9099
Email: x.ching@swanconsultancy.biz

EPB Group Sets to Raise RM40.08 Million from ACE Market IPO

EPB Group Berhad (“EPB”) and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce the launch of its prospectus for the initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Mr. Stephen Chua Chee Keong, Independent Non-Executive Director, EPB Group Berhad; Mr. Ooi Hun Pin, Independent Non-Executive Director, EPB Group Berhad; Mr. Moh Jiun Haur, Director of WYNCORP Advisory Sdn Bhd. and WYNCORP Advisory; Mr. Liew Meng Hooi, Deputy Managing Director, EPB Group Berhad; Mr. Noor Azman Bin Nordin, Independent Non-Executive Chairman, EPB Group Berhad; Mr. Yeoh Chee Min, Managing Director, EPB Group Berhad; Ms. Ooi Kim Kew, Executive Director, EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Khor Chai Tian, Independent Non-Executive Director, EPB Group Berhad [L-R]This significant milestone is set to bolster EPB’s market position and support the expansion of its operations, driven by targeted growth strategies to expand its business footprint and adopting industrial revolution 4.0 through robotic integrations in their food processing and packaging machinery solutions.The Group, established in 1992, has built a strong market presence as a comprehensive solutions provider in the design, customisation, fabrication, integration, and automation of production lines for the food processing and packaging machinery solutions segment. The Group also excels in the trading of cellulose casings as well as manufacturing and trading of flexible packaging materials, catering to a wide range of needs in the food manufacturing industry.For information, the IPO shares shall be allocated in the following manner: –A. Public Issue of 71,570,000 new ordinary shares (“Issue Shares”)Malaysian public19,570,000 Issue Shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 Issue Shares shall be made available to Bumiputera public investors.Eligible persons21,196,000 Issue Shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group).Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”)30,804,000 Issue Shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by MITI by way of private placement.B. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”)Private placement to Bumiputera investors approved by MITI15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI.Private placement to selected investors24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.The proceeds of RM40.08 million raised from the Public Issue will be earmarked for the following purposes: –Factory expansion. Including the acquisition of land, construction of a new factory, and purchase of machineries to enhance operational capabilities.Repayment of bank borrowings. Strengthening the balance sheet and reducing gearing to further improve financial stability.Working capital purposes. Supporting daily operational needs and ensuring smooth business operations.Listing expenses purposes. Covering IPO expenses of the Group.

Applications for the IPO have opened starting at 10.00 a.m. today following the prospectus launch and will close at 5.00 p.m. on 31 July 2024. The targeted IPO listing date of the Company on the ACE Market of Bursa Securities is on 23 August 2024. At the IPO price of RM0.56 per IPO share, EPB will have a market capitalisation of RM208.32 million ahead of its debut.Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad, stated, “We are deeply appreciative of the endorsement from Bursa Securities for our IPO on the ACE Market of Bursa Securities. This significant occasion marks a milestone for our Group’s journey, which will enhance our visibility and allow us to expand our business footprint. The IPO serves as a gateway to the capital markets, providing us with the necessary resources to fuel our next phase of growth and innovation, particularly in the realm of robotics integration in the food processing and packaging machinery solutions we currently provide to our customers.”Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad, stated, “Our success at EPB Group is built on strong relationships with our customers. By working closely with our customers, we are able to understand their challenges and provide them with customised solutions. Looking ahead, we are excited to explore new opportunities and expand our product offerings. Our commitment to innovation and excellence will ensure that we stay ahead of industry trends and continue to deliver valuable solutions for our clients.”Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd. added, “We are delighted to assist EPB Group with its IPO. The Group’s comprehensive approach to delivering food processing and packaging machinery solutions, combined with a relentless drive for innovation and a strong focus on customer needs, sets a solid foundation for future growth. With a commendable track record since 1992 and a team rich in experience, EPB Group Berhad is well-equipped to navigate the dynamic landscape of the food industry.” Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.Media Contact:Xinyi ChingSwan Consultancyx.ching@swanconsultancy.biz

EPB Group Berhad Signs on Malacca Securities as Underwriter

The Group’s Listing Exercise shall involve a Public Issue of 71,570,000 New Ordinary Shares

EPB Group Berhad (EPB) and its group of companies (the Group), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce that it has entered into an underwriting agreement with Malacca Securities Sdn. Bhd. (Malacca Securities), for the upcoming initial public offering (“PO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad [L-R]

The Group’s IPO exercise shall involve a public issue of 71,570,000 new ordinary shares, or 19.24% of the enlarged issued share capital upon listing with an offer for sale of 40,000,000 ordinary shares, or 10.75% of the enlarged issued share capital upon listing.

For information, the IPO shares shall be allocated in the following manner: –

A. Public Issue of 71,570,000 new ordinary shares (“Issue Shares”)
Malaysian public
19,570,000 Issue Shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 Issue Shares shall be made available to Bumiputera public investors.

Eligible persons
21,196,000 Issue Shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group) (“Pink Form Allocations”).

Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”)
30,804,000 Issue Shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by MITI by way of private placement.

B. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”)
Private placement to Bumiputera investors approved by MITI
15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI.

Private placement to selected investors
24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.

Pursuant to the Underwriting Agreement, Malacca Securities will underwrite the 19,570,000 Issue Shares made available for application by the Malaysian public, and 21,196,000 Issue Shares made available for application under the Pink Form Allocations.

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad commented, “Our vision is to broaden our market reach and enhance our offerings in the food processing and packaging machinery sector. This IPO is a strategic step towards achieving that goal. We are honoured to partner with Malacca Securities to facilitate our listing on the ACE Market of Bursa Securities. Looking ahead, our Group plans to expand its product lines, particularly in robotics automation for the food manufacturing industry.”

Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd. added, “We are delighted to assist EPB Group with its upcoming IPO. The Group’s comprehensive approach to delivering food processing and packaging machinery solutions, combined with a relentless drive for innovation and a strong focus on customer needs, sets a solid foundation for future growth. With a commendable track record since 1992 and a team rich in experience, EPB Group Berhad is well-equipped to navigate the dynamic landscape of the food industry.”

According to the Independent Market Research report, the food processing and packaging machinery industry is growing steadily, including technological advancements, and a shift towards more efficient and automated food processing methods. Furthermore, the industry is projected to expand at a CAGR of 9.7% from the forecast period of RM1.80 billion in 2023 to RM2.66 billion in 2027. Leveraging on the Group’s industry expertise and innovative capabilities, the Group is aiming to expand its product offerings in robotics automation to meet the growing global demand for innovative food manufacturing automation methods.

EPB Group Berhad Receives Bursa Securities’ Approval For ACE Market Listing

A New Chapter for EPB Group Berhad, Sets to Capitalise Growth Opportunities Through IPO Exercise

EPB Group Berhad (EPB) and its group of companies (the Group), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce that EPB has received the approval from Bursa Malaysia Securities Berhad (Bursa Securities) to list on the ACE Market of Bursa Securities. The listing exercise, is set to offer a total of 111,570,000 IPO shares, representing approximately 29.99% of the enlarged issued share capital upon listing of 372,000,002 ordinary shares, in the upcoming initial public offering (IPO) of the Group.

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad

The Group, having initiated its operations since 1992, offers a comprehensive solution in the design, customisation, fabrication, integration, and automation of production lines, alongside the trading and manufacturing of flexible packaging materials as well as trading of cellulose casings, catering to the diverse needs of the food industry.

According to EPB’s prospectus exposure for the IPO, the listing exercise involves the public issue of 71,570,000 new ordinary shares, or 19.24% of the enlarged issued share capital upon listing with an offer for sale of 40,000,000 ordinary shares, or 10.75% of the enlarged issued share capital upon listing.

The IPO shares will be offered in the following manner:

1. Public Issue of 71,570,000 new ordinary shares, representing 19.24% of the enlarged issued share capital upon listing:
a. 19,570,000 new ordinary shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 new ordinary shares shall be made available to Bumiputera public investors;

b. 21,196,000 new ordinary shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group); and

c, 30,804,000 new ordinary shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by the Ministry of Investment, Trade and Industry (“MITI”) by way of private placement.

2. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”), representing 10.75% of the enlarged issued share capital upon listing:
a. 15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI; and

b. 24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad said, “We are deeply appreciative of the endorsement from Bursa Securities for our IPO on the ACE Market. This significant occasion marks a milestone for our Group’s journey which will enhance our visibility and allow us to expand our footprint in Penang. The IPO serves as a gateway to the capital markets, providing us with the necessary resources to fuel our next phase of growth and innovation, particularly in the realm of robotics integration in the food processing and packaging machinery solutions currently provided to our customers.”

Mr. Yeoh further elaborated on the Group’s growth strategy, “The capital raised through this IPO will be instrumental in realising our expansion plans, including the expansion of our existing factory. This expansion is not just about scaling our operations; it’s about strategically positioning our Group to capture emerging opportunities in the market, thereby reducing our gearing and bolstering our working capital. Our aim is to cement our Group’s status as a frontrunner in providing comprehensive food processing and packaging solutions, driving forward our commitment to excellence and innovation in the industry.”

Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.