Juniper
L to R – Mr. Lee Chee Kian 李子健先生 Executive Director, Guan Huat Seng Holdings Berhad, Mr. Yeo Tian Seng 杨添成先生 Executive Director, Guan Huat Seng Holdings Berhad, Mr. Yeo Tien Ee 杨添毅先生
Managing Director, Guan Huat Seng Holdings Berhad, Mr. Tah Heong Beng 郑雄明先生 Executive Director of Operations, TA Securities Holdings Berhad, Mr. Ku Mun Fong 古文方先生 Head of Corporate Finance, TA Securities Holdings Berhad, Mr. Chin Wai Kit 陈韦洁先生 Assistant Vice President of Corporate Finance, TA Securities Holdings Berhad
Guan Huat Seng Holdings Berhad (“GHS Holdings” or the “Company”) and its subsidiaries (the “Group”), a distributor and retailer of food products and manufacturer of flavouring products based in Melaka, is pleased to announce the official launch of its prospectus in conjunction with its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
With the “Guan Huat Seng” brand existence tracing back to the 1930s and an established track record of approximately 46 years since the establishment of Guan Huat Seng (Heng Kee) Sdn. Bhd, GHS Holdings has grown from a traditional food retailer into a diversified distributor and retailer of food products, with in-house manufacturing capabilities. Through its subsidiaries, Guan Huat Seng (Heng Kee) Sdn. Bhd. and GHS Food Industries Sdn. Bhd., the Group distributes and retails a wide range of food products including shelf-stable and frozen seafood, flavouring products, dried food and snacks and general grocery products, supported by in-house manufacturing of flavouring products which are certified Halal as well as HACCP and MeSTI certifications for the production of sauces, pastes, and dried seasoning powder.
Following the IPO exercise, GHS Holdings is expected to raise RM30.00 million via the issuance of 120.00 million new shares at an issue price of RM0.25 per share. The proceeds will be utilised as follows:
- RM12.00 million to part finance the setup of a New Integrated Complex;
- RM9.00 million to part finance the setup of a New Krubong Facility;
- RM3.00 million for working capital;
- RM1.50 million for marketing expenses; and
- RM4.50 million for estimated listing expenses.
Mr. Yeo Tien Ee, Managing Director of Guan Huat Seng Holdings Berhad said: “The launch of our prospectus represents a significant milestone in our transformation from a traditional food retailer into a diversified distributor and retailer of food products, with in-house manufacturing capabilities. The IPO will enable us to accelerate our expansion plans, increase production and storage capacity through our new facilities in Melaka, and strengthen our presence in both distribution and retail segments. We are committed to building on our legacy of trust and quality while driving long-term sustainable growth for our stakeholders.”
Mr. Ku Mun Fong, Head of Corporate Finance of TA Securities Holdings Berhad said, “GHS Holdings has an established track record in Malaysia’s distributive trade of food and beverage (“F&B”) product industry and a wide distribution network, supported by an experienced management team that position it well to capture opportunities in the industry. We are delighted to support GHS Holdings’ IPO journey. The Company’s strategic direction will enable it to seize opportunities driven by the continued growth of Malaysia’s distributive trade of F&B product industry.”
The distributive trade of F&B product industry in Malaysia recorded a compound annual growth rate (“CAGR”) of 7.6% between 2022 and 2024, with growth for 2026 projected at 5.0%, driven primarily by the retail segment fuelled by seasonal sales and promotions across physical stores, social media and online shopping platforms. In 2026, the food, beverages and accommodation subsector is expected to grow by 6.6%. This is supported by an anticipated increase in tourist arrivals for business and leisure, as well as meetings, incentives, conferences, and exhibitions (MICE) activities, in line with the Malaysia Government’s Visit Malaysia 2026 campaign.
Applications for the Public Issue are open from today, 5 January 2026 and will close on 9 January 2026. GHS Holdings is scheduled to be listed on the ACE Market of Bursa Securities on 22 January 2026.
Upon listing, the Group will have a market capitalisation of approximately RM118.38 million, based on the issue price of RM0.25 per share and an enlarged total number of 473,500,100 shares.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO.
