EGH International files for ACE Market IPO to fund head office fit-out

Malaysia-based interior fit-out company EGH International Bhd is seeking a listing on the ACE Market to raise funds for a new head office, warehouse, and showroom in Puchong, estimated at RM28 million (€5.88 million).

The five-storey facility will accommodate the company’s growing workforce, enhance material flow, and support higher-volume interior fit-out projects. “Upon completion, the new head office, warehouse and showroom will enhance our operational scalability, improve material flow, increase retail engagement and provide the infrastructure necessary to support a higher volume of interior fit-out projects,” the company stated in its draft prospectus.

EGH International has delivered projects across Malaysia and abroad over the past 15 years, including 57 hotels and resorts, 19 healthcare facilities, and three educational institutions. The firm is led by executive chairman Datuk Weslie Lim Yuk Ming and chief executive officer Lim Seow Ni, with backing from Datuk Doh Jee Ming, managing director of property developer Lagenda Properties Bhd.

For the 12 months ending March 31, 2025, EGH International posted a profit after tax of RM7.2 million (€1.51 million) on revenue of RM156.7 million (€32.91 million), with interior fit-out services representing 74% of revenue. Furniture, fittings, and equipment sales contributed the remainder, targeting project owners, contractors, interior designers, and retail customers.

Proceeds from the IPO will be allocated to partial repayment of borrowings, general working capital, and listing expenses. The offer for sale of existing shares will allow Doh to cash part of his 49% stake, leaving him with approximately 25% post-listing.

Clement Valentine Toh Shu Yen, group CEO of Epicon Bhd, serves as a non-executive director. Berjaya Securities acts as principal adviser, sponsor, sole underwriter, and placement agent for the IPO.

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(Photo credits to Pok Rie/Pexels)