Speciality industrial chemical solutions provider Eckem Holdings Bhd has launched its prospectus for its upcoming ACE Market listing on Bursa Malaysia, aiming to raise RM15 million from the IPO exercise.
The group’s IPO entails a public issue of 125 million new shares, representing 20% of the group’s enlarged share capital of 625 million shares, alongside an offer for sale of 62.5 million existing shares, equivalent to 10% of the enlarged issued shares. The shares are priced at 12 sen each.
Executive Director Jack Tan said of the RM15 million proceeds to be raised, RM6 million will be allocated for the construction of a new corporate office, warehouse and laboratory, while RM2 million will fund the expansion of a new production line for its rubber products segment.
“Another RM1.45 million has been earmarked for repayment of bank borrowings, RM1.75 million for working capital requirements and RM3.8 million to cover listing expenses,” Tan said, while emphasising that the listing is a key milestone for the group as it seeks to strengthen operational capabilities, expand infrastructure and enhance support for customers across Malaysia’s manufacturing sector.
Eckem Holdings provides specialty industrial chemical solutions and also manufactures and trades rubber products, serving downstream industrial users, compounders and resellers across multiple industries.
Malaysia accounted for about 94% of the group’s revenue in the financial year ended 2025, although it also maintains a presence in overseas markets including China, Singapore, the UK and the US.
M&A Securities Sdn Bhd is acting as the principal advisor, sponsor, underwriter and placement agent for the IPO exercise.
