Retailer KK Mart plans Bursa Malaysia listing

Malaysian convenience store concatenation KK Mart Retail is preparing an archetypal nationalist offering (IPO) of up to 840 cardinal shares connected Bursa Malaysia’s Main Market.

A draught prospectus filed with the Securities Commission Malaysia shows the offering volition comprise up to 630 cardinal existing shares and 210 cardinal caller shares.

Proceeds from the caller shares volition spell to KK Mart Retail portion funds raised from the merchantability of existing shares volition beryllium paid successful afloat to the selling shareholders.

The filing does not authorities an connection price, the full funds expected to beryllium raised, oregon a targeted listing date.

KK Mart Retail operates the KK Super Mart and KK Mart convenience store chains done its subsidiaries, with 996 outlets crossed Malaysia, chiefly successful Kuala Lumpur and Selangor.

The institution was incorporated successful September 2023 arsenic KK Supergold Sdn Bhd, renamed KK Mart Retail successful February 2025, and converted into a nationalist constricted institution past month.

According to the prospectus, KK Mart Retail intends to summation its store footprint to much than 1,500 outlets by June 2028.

The institution besides plans to walk connected logistics and organisation facilities, integer platforms and the improvement of house-brand products.

Of the full offering, up to 735 cardinal shares are allocated to organization and selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry.

Pricing for this tranche volition beryllium determined done a book-building process.

The remaining 105 cardinal shares are designated for retail investors, including directors, eligible employees and the Malaysian public.

Within this portion, 35 cardinal shares are reserved for eligible participants portion 70 cardinal shares are disposable for nationalist subscription, with fractional allocated to Bumiputera investors.

Within the organization tranche, 437.5 cardinal shares are acceptable speech for Bumiputera investors, and up to 297.5 cardinal shares for different organization and selected investors.

The last retail terms volition beryllium acceptable astatine the little of the organization terms oregon the retail price.

The IPO operation besides includes clawback and reallocation provisions, arsenic good arsenic an overallotment option.

"Retailer KK Mart plans Bursa Malaysia listing" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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