Butterfield FB Berhad launched its prospectus today in conjunction with its initial public offering exercise on the ACE Market of Bursa Malaysia Securities Berhad
Headquartered in Penang BFB, through its subsidiaries is mainly engaged in manufacturing of coffee extract powder blends and tea extract powder blends, as well as sales and trading of food ingredients and instant beverage premixes.
Executive Director cum Chief Executive Officer of BFB, Lee Mong Khai said “The launch of our prospectus and the upcoming IPO marks a significant milestone for Butterfield FB Berhad. With the proceeds from the IPO, we will be well-positioned to accelerate our strategic growth plans and strengthen our capabilities to capture further opportunities in the growing coffee and tea extract powder blends market.
A total of RM72.0 million IPO proceeds is expected to be raised at the IPO price of RM0.48 per share.
BFB’s IPO exercise comprises a public issuance of 150.0 million new ordinary shares representing 18.8% of its enlarged share capital, as well as an offer for sale of 72.0 million existing shares or 9.0% of its enlarged share capital, via private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry and selected investors.
Upon listing, BFB is expected to have a market capitalisation of RM384.0 million based on an enlarged issued share capital of 800.0 million shares and an IPO price of RM0.48 per share.and trading segment at 21.9%. Overseas sales accounted for 43.0% of Group turnover, with the balance from domestic sales.
Following the prospectus launch, applications for the public issue are open from today and will be closed on 02 September 2026 at 5:00 pm. The Group is scheduled to be listed on the ACE Market of Bursa Securities on 15 September 2026.
M&A Securities Sdn Bhd is the Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
