Homegrown bakery chain and pastry manufacturer RT Pastry Holdings Berhad is launching its initial public offering (IPO) ahead of a planned debut on the ACE Market of Bursa Malaysia.
According to its official prospectus, the company’s retail-led offering will comprise a public issue of 91,542,000 new ordinary shares priced at a flat rate of RM0.18 per share. The capital injection is set to fund a nationwide retail network expansion and upgrade the group’s backend manufacturing infrastructure.
The 91.54 million newly minted shares represent approximately 27% of the group’s enlarged issued share capital. To ensure structured equity distribution, the corporate allocation has been divided across retail, institutional, and strategic tranches.
Established in 2003, RT Pastry has grown into a household name within the Klang Valley, famous for its Japanese- and Taiwanese-inspired artisanal breads, mooncakes, and specialty pastries. The brand’s naming philosophy draws inspiration from the Malay phrase “Rumah Tangga” (family), emphasizing fresh, everyday goods made with premium ingredients.
The group plans to utilise its fresh capital to drive a multi-year growth strategy including opening multiple new standard and large-scale retail outlets across the Central region and other states in Peninsular Malaysia. Relocating and upgrading production lines to support larger output volumes, which includes acquiring a detached industrial factory facility in Cheras Jaya, Selangor.
It sad that part of the proceeds will be allocated to pare down existing bank borrowings and streamline operational cash flows.
KAF Investment Bank Berhad is driving the transition as the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the entire corporate exercise.
