Polymer Link Holdings Berhad (“Polymer Link”) and its subsidiaries (“Group”), a plastic manufacturer specialising in powder and colour masterbatch for rotational moulding, has officially announced that it has signed an underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Established in 2011, the Group has built a strong presence in the plastic rotational moulding supply chain. Its plastic powder manufacturing includes formulation, compounding, and grinding, leveraging technical expertise in selecting and blending plastic resins, masterbatch, and additives for customized specifications. The Group produces tailored plastic powders for various applications and manufactures colour masterbatch for both in-house use and external sales.
According to the prospectus on Bursa Securities’ website, Polymer Link’s ACE Market initial public offering (“IPO”) consists of a public issue of 97.15 million new shares, 17.3% of its enlarged issued share capital of 560.00 million shares (“Public Issue”), and an offer for sale of 24.08 million existing shares, 4.3% of the enlarged issued share capital (“Offer For Sale”).
The particulars of the IPO are as follows:
Public Issue
- Malaysian Public:
o 28.00 million shares or 5.0% of the Group’s enlarged issued share capital, with 2.5% made available to non-Bumiputera public investors and the remaining 2.5% made available to Bumiputera public investors.
- Pink Form Allocations:
o 4.44 million shares or 0.8% of the enlarged issued share capital will be allocated to eligible directors, key senior management and employees (collectively known as “Eligible Persons”) through Pink Form Allocations.
- Private Placement to Selected Investors:
o 64.71 million shares or 11.5 % of the enlarged issued share capital are reserved for private placement to selected investors.
Offer For Sale
- Offer for sale of 24.08 million shares or 4.3% of the enlarged issued share capital by way of private placement to selected investors.
HLIB will underwrite 32.44 million shares: 28.00 million for the Malaysian Public and 4.44 million for Eligible Persons through Pink Form Allocations.
Mr. Koh Song Heng, Executive Vice Chairman/ President and Group Chief Executive Officer of Polymer Link, commented, “The signing of the underwriting agreement with Hong Leong Investment Bank Berhad marks a pivotal milestone in our listing journey on the ACE Market of Bursa Securities. With this IPO, we aim to scale our operations, expand our international presence through new distribution channels and regional capacity upgrades, including our planned entry into Poland and expansion in Australia and Southeast Asia, and continuously fulfil our commitment to delivering customised polymer solutions. We believe our technical capabilities and customer-centric approach will continue to drive sustainable growth as we enter this exciting new chapter.”
Polymer Link has obtained Bursa Securities’ approval for the listing on the ACE Market of Bursa Securities on 25 July 2025. Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Placement Agent and Sole Underwriter for the IPO while DWA Advisory Sdn. Bhd. is the Financial Adviser.