Kuala lumpur: Poultry farming company, Hock Soon Capital Bhd, aims to raise RM60 million from its initial public offering (IPO) ahead of its listing on the Main Market of Bursa Malaysia Securities Bhd on Feb 13, 2026. Of the total proceeds, RM53.5 million or 89.1 percent will be used for the establishment of a new poultry farm in Teluk Intan, Perak, and the remaining RM6.5 million (10.9 percent) will cover listing expenses.
According to BERNAMA News Agency, Hock Soon's executive director Alex Ong Keat Hoe, during a press conference following the company's prospectus launch, stated that the new poultry farm is expected to nearly double the company's egg production. This increase will significantly boost the group's overall output capacity upon completion. Ong mentioned, "The new poultry farm will be constructed progressively within five years," with the facility projected to enhance production by approximately 1.5 million eggs per day, thereby strengthening its ability to meet domestic demand.
Looking ahead, Ong highlighted the company's plans to expand its market reach to Singapore. He noted, "As soon as we get our approval from the Singapore Food Agency (SFA), maybe around the first quarter of this year, then we will begin exporting there."
Hock Soon's IPO involves 100 million new shares and an offer for sale of 50 million existing shares, representing 20 percent and 10 percent of the company's enlarged share capital, respectively. Of the 100 million new shares, 25 million will be made available to the Malaysian public via balloting, and 12.5 million will be allocated for eligible directors, employees, and individuals who have contributed to the group's success through the pink form allocation.
The remaining 62.5 million shares will be allocated to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI), while 50 million shares will be offered via private placement to selected investors. Upon its listing, Hock Soon's enlarged share capital will comprise 500 million shares with a market capitalisation of RM300 million, based on the IPO price of 60 sen per share.
Application for the IPO opens today and closes at 5 pm on Jan 30, 2026. M and A Securities Sdn Bhd is the adviser, underwriter, and placement agent for the IPO exercise.