Mr. Lee Yoke Wah 李育华先生, Associate Director of Corporate Finance, M & A Securities Sdn Bhd
Ms. Low Saw Cheng 刘苏铮女士, Executive Director, Camaroe Berhad
Mr. Teoh Han Boon 张国文先生, Managing Director, Camaroe Berhad
Datuk Bill Tan 拿督陈俊㟽, Managing Director of M & A Securities Sdn Bhd
Mr. Danny Wong 黄荣良先生, Deputy Head of Corporate Finance, M & A Securities Sdn Bhd
Camaroe Berhad (Camaroe), an integrated aquaculture group specializing in black tiger prawn farming and processing, launched its prospectus for its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).
The IPO includes a public issue of 99.00 million new shares (20.00% of the enlarged share capital of 495.00 million shares) and an offer for sale of 49.50 million existing shares (10.00% of the enlarged capital). IPO shares are priced at RM0.14 each, expected to raise gross proceeds of RM13.86 million.
Proceeds from the IPO will be utilised as follows:
- RM6.89 million for the construction of a new processing facility in Bukit Raja.
- RM0.73 million for the purchase of machinery and equipment to increase operational efficiency.
- RM0.39 million for the installation of solar panels to support the Group’s sustainability initiatives.
- RM1.00 million for the establishment of a biotechnology department.
- RM0.96 million for working capital requirements.
- RM3.90 million for listing expenses.
Mr. Teoh Han Boon, Managing Director of Camaroe Berhad, said, “The launch of our prospectus is a major milestone in Camaroe’s growth journey. From an aquaculture farm to becoming an integrated black tiger prawn supplier exporting across Asia-Pacific, we’ve built a resilient, scalable business with strong fundamentals. This IPO will provide the capital necessary to modernise our downstream infrastructure, expand sustainable practices, and strengthen our research and development capabilities in aquaculture. We are excited to unlock the next phase of growth and further position Camaroe as a trusted regional prawn brand.”
Mr Danny Wong, Deputy Head of Corporate Finance of M & A Securities Sdn Bhd, remarked, “Camaroe’s journey from traditional prawn farming to a fully integrated aquaculture group reflects its ability to scale, adapt and innovate within a competitive industry. With a strong operational footprint, established international customer base, and clear expansion plans, the Group is well-positioned to benefit from the growing demand for black tiger prawns, particularly in export markets. We believe this IPO will catalyse long-term growth and strategic transformation for Camaroe.”
M & A Securities Sdn Bhd is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO.