Following its highly anticipated ACE Market debut, MSB Global Group Berhad (MSB Global) is strategically deploying its RM26.6 million IPO proceeds to solidify its operational capabilities and enhance its financial strength. The Group’s capital allocation reflects a clear focus on sustainable growth, innovation, and improved financial agility.
Of the total proceeds, RM5.50 million (20.67%) is allocated toward the repayment of bank borrowings, a move that aims to reduce the Group’s gearing ratio and increase financial flexibility. Meanwhile, RM4.79 million (17.99%) will go towards general working capital, providing a buffer for business continuity and supporting day-to-day operations.
Another significant portion of the IPO funds — RM6.01 million (22.58%) — will be used to acquire new machinery and equipment, which will play a pivotal role in boosting the Group’s production of automotive lubricants and fluids under its in-house brands, FK FUKUOKA and ZR.ZURIC.
Additionally, RM4.97 million (18.70%) has been allocated for the construction of a new factory in Johor Bahru, and RM0.83 million (3.14%) is reserved for the rollout of a proprietary EV charger, showing MSB Global’s vision for a tech-forward and future-ready product lineup.
“This fundraising exercise marks a critical milestone for us. It’s not just about the funds raised but the confidence shown by our investors in our long-term vision,” said Datuk Ow Kee Foo, Managing Director of MSB Global. “We are laying a strong foundation that enables us to innovate, scale, and create long-term value for shareholders.”
The Group’s listing was facilitated by M & A Securities Sdn Bhd, acting as Principal Adviser, Sponsor, Underwriter, and Placement Agent.
