Eckem Holdings announced that the public portion of its Initial Public Offering has been oversubscribed by 8.09 times, as the group looks to list on the ACE Market on 3 July 206.
The IPO comprises a public issue of 125.00 million new ordinary shares and an offer for sale of 62.50 million existing shares, structured
The Group received a total of 5,152 applications for 284,033,700 Issue Shares from the Malaysian public, representing an overall oversubscription rate of 8.09 times. Of this, 1,645 applications for 81,874,300 Issue Shares were received under the Bumiputera public portion (oversubscribed by 4.24 times), while the remaining 3,507 applications for 202,159,400 Issue Shares under the other Malaysian public portion recorded an oversubscription of 11.94 times.
Mr. Tan Khai Jeik (Jack Tan), Executive Director of Eckem Holdings Berhad, said, “With the funds raised, we aim to strengthen our operational infrastructure, expand our production capabilities for our rubber products segment, and further enhance our ability to deliver specialised chemical solutions to support Malaysia’s manufacturing ecosystem.”
Eckem Holdings is scheduled to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 3 July 2026.
