KUALA LUMPUR: MSB Global Group Bhd, a leading reseller of aftermarket automotive parts and components, is set to raise RM26.6 million through an initial public offering (IPO) to support its business growth.
The company, which is gearing up for its listing on the ACE Market of Bursa Malaysia, plans to issue 133 million new ordinary shares at a retail price of 20 sen per share.
As the exclusive distributor of GSP-branded automotive parts in Malaysia, MSB Global offers a comprehensive range of high-quality aftermarket products, including driveshafts, wheel hub assemblies, suspension components, and steering racks. The company has also expanded into the automotive lubricants and fluids segment through its in-house brands, FK FUKUOKA and ZR.ZURIC.
During the launch of its prospectus, MSB Global outlined its plans for the IPO proceeds. Approximately RM4.97 million will be allocated for the construction of a new factory and warehouse to enhance lubricant and fluid production. Additionally, RM6 million will be used to purchase machinery, equipment, and raw materials for establishing blending and fill-and-finish production lines.
The company is also setting aside RM840,000 for the launch and distribution of its in-house branded electric vehicle (EV) chargers. Other allocations include RM5.5 million for loan repayments, RM4.79 million for general working capital, and RM4.5 million to cover listing expenses.
“This IPO marks a significant milestone for MSB Global as we strengthen our foothold in the automotive aftermarket industry. The funds raised will not only help us expand our lubricant production but also support our entry into the EV charger market,” said managing director Datuk Ow Kee Foo.
Credit: dikbee.com
He added that the company remains committed to delivering innovative and high-quality solutions while creating long-term value for shareholders and contributing to Malaysia’s automotive industry growth.
M & A Securities Sdn Bhd has been appointed as the principal adviser, sponsor, underwriter, and placement agent for the IPO.
