Here’s part 3 of the non-exhaustive, ever-growing list of companies who has filed for IPO this year 2024 😊

11. Swift Energy Technology Bhd
- ACE Market
- sells industrial automation and power systems
- mainly focuses on process control, photovoltaic, power distribution and - other systems mainly servicing customers in oil and gas, as well as grain products, edible oils and food manufacturing industries.
- plans to install a mezzanine level within our existing fabrication facility and construct a new 3-storey fabrication facility in the area within the compound of our existing head office and fabrication facility
- earmarked part of the proceeds to finance the purchase of equipment and software by 2027 as well as set up a research-and-development centre. Further, Swift Energy also plans to expand in Indonesia by setting up a wholly-owned subsidiary with an office in Jakarta
- M&A Securities is the principal adviser, sponsor, underwriter and placement agent for the IPO.
14 May 2024 - https://cutt.ly/DejTWo6t


12. Cropmate Bhd
- ACE Market
- Fertilizer company, Cropmate formulates and blends conventional and specialty fertilisers, as well as trades straight fertilisers and related products.
- raise funds, including to part finance the acquisition of two factories for nearly RM30 million… “Part of our plans is to acquire our existing factories from a related party and directors”, as well as part of the proceeds for capital expenditure, including for new commercial vehicles and industrial equipment, as well as for the setting up of a research and development (R&D) and test laboratory.
- Hong Leong Investment Bank is the principal adviser, sponsor, underwriter and bookrunner for the IPO.
27 May 2024 - https://cutt.ly/tejTWpb4


13. Metro Healthcare Bhd
- LEAP Market transfer listing to ACE Market
- specialises in providing fertility and other obstetrics and gynaecology services
- it plans to acquire additional maternity hospitals to grow at a faster rate.
- MIDF Amanah Investment Bank is the IPO’s principal adviser, sponsor, underwriter and placement agent.
28 May 2024 - https://cutt.ly/6ejTWpCZ

14. Oriental Kopi Holdings Bhd
- ACE Market
- currently has about 14 cafes under the Oriental Kopi brand in shopping malls, shoplots and airport retail malls throughout Malaysia. The company also sells in-store packaged coffee and tea, as well as other food such as spreads, pastries, instant noodles, and seasonal items such as moon cakes.
- The company secured its first order for the export in February to Hong Kong, and signed a joint venture agreement with Paradise Group to expand its Oriental Kopi cafe into Singapore.
To support the expansion, Oriental Kopi plans to set up of a new central kitchen. The cafes will only carry out minimal final preparation, cooking and plating to complete the dish, ready to be consumed in the cafes, it said.
Further, Oriental Kopi wants to add four specialty retail stores between 2025 and 2026, as part of expansion of its consumer-branded packaged foods segment. The company currently only has one retail store in Johor.
- propose to set up a total of 15 new owned-operated cafes progressively between 2024 and 2026 in various states
- Alliance Islamic Bank is the IPO’s principal adviser, sponsor, sole underwriter and placement agent.
24 Jun 2024 - https://cutt.ly/3ejTWar6

15. Northern Solar Holdings Bhd
- ACE Market
- installs solar panels and operates solar farms
- mainly provides engineering, procurement, construction and commissioning of photovoltaics systems. The company also owns and operates 10 solar PV systems and another four solar PV systems under its 20%-owned Engtex Energy Sdn Bhd. Pipe and valve maker Engtex Group Bhd ($ENGTEX / 5056 (ENGTEX GROUP BERHAD)) owns 80% of Engtex Energy.
- $LAGENDA / 7179 (LAGENDA PROPERTIES BERHAD) has a 15% stake in Northern Solar.
- M&A Securities is the IPO’s adviser, sponsor, underwriter and placement agent.
26 Jun 2024 - https://cutt.ly/jejTWacn

There's more coming... part 4 to be released soon
😂