Camaroe Bhd, a homegrown aquaculture company specialising in premium black tiger prawns, is poised to accelerate its expansion across the region via its upcoming listing on the ACE Market of Bursa Malaysia Securities Bhd.
Established in 2009, Camaroe has grown from a small-scale prawn farm to an integrated aquaculture group with 138 ponds across five coastal farms and a processing facility in Kapar, Selangor.
The group’s upcoming IPO exercise entails the issuance of 99 million new shares and an offer for sale of 49.5 million existing shares.
Proceeds raised from the exercise will be used to build a new processing facility in Bukit Raja, upgrade machinery and equipment, install solar panels for sustainability and establish a biotechnology department to enhance research and farming efficiencies.
Camaroe Managing Director Teoh Han Boon said the ACE Marketing listing is a pivotal step for the group’s journey from a traditional aquaculture operator to a fully integrated seafood exporter.
“With this IPO, we aim to scale up production, improve efficiency and strengthen product quality to meet growing global demand,” Teoh said.
He added that with its IPO, the group plans to deepen its presence in international markets, enhance operational capabilities and build on its reputation as a trusted supplier of premium black tiger prawns, laying a strong foundation for long-term regional growth in the aquaculture industry.
M&A Securities Sdn Bhd is the principal advisor, sponsor, underwriter and placement agent for the IPO.
