Panda Eco System Berhad a retail management solutions provider, has inked an underwriting agreement with its sole underwriter, M & A Securities Sdn Bhd, in preparation for its initial public listing on the ACE Market of Bursa Malaysia Securities Berhad.
The company specialises in providing retail management solutions tailored to meet the operational needs of retail chain stores. With over two decades of experience in this field, the Group has built a suite of solutions, making up a Retail Management Eco-system to manage and enhance various facets of retail operations, including point of sale (POS), warehouse and inventory, supply chain, customer relationships and financial reporting. This comprehensive retail-centric solution enables the Group’s customers to seamlessly interconnect data across different facets of the retail chain, as well as with their network of retail stores and suppliers, fostering enhanced operational efficiency.
Executive Director / Chief Executive Officer of the Group, Mr. Loo Chee Wee said: “Our Retail Management Eco-system addresses their needs directly, offering powerful tools for managing inventory, optimising supply chains, digitising customer experience, and reducing wastage and pilferage, hence elevating overall operational efficiency. Drawing on our extensive knowledge of retail operations and processes, coupled with our capacity to deliver localised retail management solutions, we are well-positioned to assist both our existing and potential customers in streamlining their retail eco-system.
The timing of our IPO aligns strategically with the company’s expansion plans, and the proceeds to be raised will serve as a catalyst for developing new solutions, expanding our operations in Malaysia, and venturing into vibrant regional markets such as Indonesia and the Philippines,” he added.
Panda Eco System’s IPO involves a total offering of 171.1 million ordinary shares representing 25.5% of its enlarged share capital of 671.2 million shares upon listing, comprising a public issue of 109.3 million new shares and an offer for sale of 61.8 million existing shares.
M & A Securities is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for Panda Eco System’s IPO. Pursuant to the underwriting agreement, approximately 76.3 million new shares made available to the Malaysian public and Pink Form Allocations will be underwritten by M & A Securities.
