Tag: Kucingko Berhad

Kucingko Berhad Debuts on ACE Market with Clawsome Opening Price of RM0.805

Kucingko Berhad (Kucingko or the Company), the first publicly listed 2D animation production company, made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities). The shares opened at RM0.805 per share, showcasing a significant 168.33% premium over the IPO price of RM0.30 per share.

1. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 2. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 3. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 4. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 5. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 6. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 7. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 8. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad [L-R]

Kucingko is listed under the stock name “KUCINGKO” with the stock code “0315”.

Kucingko specialises in providing high quality 2D animation production for global broadcasters and streaming platforms and is one of the largest animation production company in Malaysia. Kucingko has earned significant recognitions globally, including a BAFTA nomination and several other international awards.

Kucingko Berhad’s initial public offering has successfully raised total gross proceeds of RM30.0 million, which will be utilised based on the following manner:

i. RM17.8 million towards capacity expansion, including the establishment of production branch offices in East Malaysia to tap into the skilled local talent pool and upgrade the existing operational office in Selangor; 
ii. RM4.4 million for setting up a sales office in the United States of America to expand market reach;
iii. RM4.2 million for working capital; and 
iv. RM3.6 million for listing expenses.

Executive Director of Kucingko Berhad, Mr. See Chin Joo commented: “This successful listing is a major milestone for Kucingko. It reflects the market confidence in the animation industry, and investors’ receptiveness towards unique companies with profitable track record. We are excited about the opportunities this will bring, allowing us to further expand our production capacity and reaching out to more global clientele. The funds raised will enable us to invest in building capacity locally and deepening our presence in the North American market, ensuring that we remain at the forefront of the animation industry.

Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong added: “Our goal is to continue to up our game in delivering high-quality content for traditional television and streaming platform. This listing will support our efforts to achieve that goal. In addition, talent building and continued investment in the best talent is high in our priority. We will soon roll out our plans to collaborate with universities and state government agencies to nurture local talent and empower them with the right skillsets to contribute positively back to the industry. We are building all these initiatives for sustained growth and success in the global animation market.”

1. Mr Leong Yew Loong, Head, Corporate & Institutional Coverage of Kenanga Investment Bank Berhad; 2. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad; 3. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 4. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 5. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 6. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 7. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 8. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 9. Ms. Leong Mei Cian, Head of Planning of Kucingko Berhad; 10. Mohd Faizal Bin Mohd Wazir, Head of Animation of Kucingko Berhad; 11. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 12. Ms. Ong Sook Ling, Senior Vice President, Corporate Finance of Kenanga Investment Bank Berhad; 13. Mr Alvin Ooi Yet Ming, Head, Corporate Finance of Kenanga Investment Bank Berhad; 14. Ms. Fong Soh San, Head, Equity Capital Markets of Kenanga Investment Bank Berhad [L-R]

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.

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

For more information, please contact:
William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz

Cat-Ching The Spotlight! Kucingko Launches Prospectus in conjunction with its Listing on Bursa Malaysia

Kucingko Aims to Raise RM30.0 Million for Strategic Growth Globally and Operational Enhancement

Kucingko Berhad (Kucingko or the Group), an established 2D animation production services provider, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.

Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad [L-R]
Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad [L-R]

The IPO aims to raise RM30.0 million through the issuance of 100.0 million new shares at an IPO price of RM0.30 per share. The proceeds from the IPO will be allocated as follows:

  • RM17.8 million for capacity expansion, including RM11.9 million for the setting up of production branch offices in East Malaysia.
  • RM4.4 million for setting up sales office in United States of America (“USA”).
  • RM4.3 million for working capital.
  • RM3.6 million for listing expenses.

Executive Director of Kucingko Berhad, Mr. See Chin Joo said, “This IPO is a significant milestone for Kucingko. It symbolises our commitment to growth and innovation within the 2D animation industry. By launching our prospectus at the TRX Aurum Theatre, we are proud to be the first company to do so, reflecting our innovative spirit and out-of-the-box thinking. We hope our pioneering spirit will inspire other players in the animation industry to join us in elevating the game and pushing the boundaries of creativity and innovation.”

Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong elaborated, “The funds raised from the IPO will enable us to expand our production capabilities locally and improve our operational efficiency, positioning us strongly to meet the increasing demand for high-quality animation content in Malaysia and beyond. We are enthusiastic about the opportunities this IPO will create for our company and stakeholders.”

Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad, Datuk Roslan Hj Tik, added, “Kucingko Berhad is well-positioned to leverage its expertise and strong market presence to achieve significant growth in the coming years. The company’s focus on expanding its production capabilities and enhancing operational efficiency aligns perfectly with current market dynamics. We are proud to support Kucingko in this pivotal journey and are confident in its continued success.”

Kucingko has demonstrated robust growth for the financial years under review, underpinned by its expertise in 2D animation production, which accounted for a significant portion of the company’s revenue over recent years. The Company’s dedication to quality, efficiency, and creativity has established it as a well-established player in 2D animation sector.

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.

Mr. Ku Chia Loon, Non-Independent Non-Executive Director, Kucingko Berhad; Mr. Puar Chin Jong, Independent Non-Executive Director, Kucingko Berhad; Ms. Quah Bee Fong, Independent Non-Executive Director, Kucingko Berhad; Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad; Mr. Lim Chor Ghee, Independent Non-Executive Chairman, Kucingko Berhad; Ms. Elaine Law Soh Ying, Independent Non-Executive Director, Kucingko Berhad [L-R]

Media Contact:
William Yeo
Swan Consultancy
w.yeo@swanconsultancy.biz 

Kucingko Inks Underwriting Agreement with Kenanga Investment Bank

Kucingko Berhad (Kucingko or the Company), an established 2D animation production services provider, is pleased to announce the signing of an underwriting agreement with Kenanga Investment Bank Berhad (Kenanga Investment Bank) for its upcoming IPO on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Executive Director of Kucingko Berhad, Mr. See Chin Joo; Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga IB, Datuk Roslan Hj Tik; Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong [L-R]
Executive Director of Kucingko Berhad, Mr. See Chin Joo; Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga IB, Datuk Roslan Hj Tik; Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong [L-R]

Kucingko’s IPO exercise, according to the draft prospectus available on Bursa Securities’ website, involves a public issue of 100.0 million new ordinary shares and an offer for sale of 100.0 million existing ordinary shares, which represents an aggregate of 40.0% of the enlarged number of ordinary shares of the Company.

The IPO involves the following:

Public Issue (Issue Shares)
Malaysian public
25.0 million Issue Shares, representing 5.0% of the enlarged number of ordinary shares, are allocated for application by the Malaysian public, with half of this allocation reserved for Bumiputera investors.

Eligible persons
10.0 million Issue Shares, representing 2.0% of the enlarged number of ordinary shares, are allocated for application by eligible directors, key senior management, employees, and associates who have contributed to the Kucingko group’s success (“Pink Form Allocations”).

Private placement to selected investors
65.0 million Issue Shares, representing 13.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Offer for Sale (Offer Shares)
Private placement to selected investors
100.0 million Offer Shares representing 20.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Kenanga Investment Bank, as Principal Adviser, Sponsor, Underwriter and Placement Agent, will underwrite the 35.0 million Issue Shares made available for application by the Malaysian Public and Pink Form Allocations.Mr. See Chin Joo, Executive Director of Kucingko Berhad said, “This IPO aligns very well with Kucingko’s ambition to grow in the 2D animation sector. The funds raised from the IPO will be instrumental in scaling our business through setting up a sales office in the United States of America, our largest market, and increasing our production capacity by setting up branch offices in Sabah and Sarawak to tap into the talent pools in these two cities. We are also very excited to be the first animation production studio to be listed on Bursa and, we are delighted to have Kenanga Investment Bank to advise us on this significant corporate milestone.”

Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad, expressed his gratitude towards Kenanga Investment Bank for their support in the IPO process. He added, “Their expertise and guidance have been instrumental in helping Kucingko navigate the complexities of going public. We believe that Kucingko’s position as the first 2D animation company to be listed on Bursa Malaysia will have a positive impact on the market and industry, setting a benchmark for excellence in the creative sector.”

Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank, stated, “Kucingko Berhad offers excellent diversity for investors as the Malaysian market has historically lacked publicly traded animation production companies. We are proud to support Kucingko through its IPO, bringing one of the industry’s most successful and reputable 2D animation production companies to Bursa Malaysia. The IPO of Kucingko marks a momentous occasion, potentially inspiring other creative ventures to pursue such similar paths as well.”

Kucingko Berhad https://www.kucingko.com/