The manufacturer of and trader in steel products, Leform has received the nod to list on the ACE Market of Bursa Malaysia.
Barring unforeseen circumstances, Leform targets to be listed by the fourth quarter of 2022.
Its key manufacturing products are steel pipes and guardrails, as well as flat steel products such as slitted steel coils and sheets; while the trading arm sells a variety of steel products, with the history dating back to 1995.
Leform is able to cater to various end-user industry applications, through its wide range of steel product offerings. Geographical-wise, the Group also exports its products to international markets such as New Zealand, Cambodia, and Singapore, on top of its primary market, Malaysia.
All its steel products are in conformity with the Japanese Industrial Standards (JIS), which is a representation of industrial standardization and good quality management. Furthermore, Leform’s accreditation of the ISO 9001:2015 certification by TuV Nord Cert GmbH serves as a testament to the Group’s consistent quality and standard in the production of steel pipes.
“Global steel consumption has been on the rise and this trend is expected to prevail in the foreseeable future. Zooming into Southeast Asia, Malaysia actually plays a key role in the steel industry, being the third largest exporter of steel in 2020. As for the domestic market, we believe the elevated demand from the construction sector, automotive part manufacturing as well as furniture industries will sustain and this bodes well with our growth plans going forward. Putting it together, our impending listing exercise comes at an opportune time against the aforementioned backdrop,” Managing Director of Leform Berhad, Mr. Law Kok Thye said.
“Listing on the ACE market will enable the Group to tap into the equity capital market to raise funds in embarking on the next expansion phase of our corporate journey. Through the utilisation of listing proceeds, Leform can further solidify its footing in the steel industry with the enhanced financial flexibility and operational capabilities.” he concluded.
Whilst, MIDF Amanah Investment Bank Berhad is appointed as the Principal Adviser, Sponsor, Managing Underwriter and Placement Agent for Leform’s initial public offering exercise.
