KUALA LUMPUR, Oct 1 — EMPG Group Berhad, a Malaysian multi-brand apparel retailer and wholesaler, has signed an underwriting agreement with Berjaya Securities Sdn. Bhd. as it progresses towards its proposed listing on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO will comprise a public issue of 121.60 million new shares and an offer for sale of up to 48.50 million existing shares. Under the underwriting arrangement, Berjaya Securities will underwrite 34.60 million new shares, consisting of 30.30 million shares allocated to the Malaysian public and 4.30 million shares reserved for eligible directors and employees.
According to the company, the proposed listing is aimed at supporting the next phase of its retail expansion strategy. Proceeds from the IPO will be used primarily to expand its retail network, strengthen working capital and fund listing-related expenses. The group plans to open 100 new consignment counters and 15 boutiques nationwide, with a particular focus on expanding the presence of its Hummer and Pierre Cardin apparel brands.
Managing Director Mr. Loh Tau Sing said the underwriting agreement marks another important milestone in EMPG’s listing journey.
“The IPO will provide us with the resources to accelerate the expansion of our retail network across Malaysia, particularly for the Hummer and Pierre Cardin brands, while strengthening our working capital to support our in-house brands,” he said.
EMPG operates a diversified portfolio of owned and licensed brands catering to the mass-market apparel segment. Its owned brands include Exhaust, Idexer, Silverland, Brittania, Ventine, Millward, Aplus, John Rider, Oxen, Elmer and MU-7, while licensed brands include Hummer and Pierre Cardin. The group distributes its products through consignment counters, standalone retail outlets, e-commerce channels and wholesale operations.
Head of Capital Markets and Corporate Finance at Berjaya Securities Sdn Bhd, Mr. Anuar Bin Omar, said the group has built a sizeable multi-brand apparel business supported by a nationwide retail footprint, positioning it for further growth through access to the capital markets.
Berjaya Securities Sdn Bhd is acting as the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO, while WYNCORP Advisory Sdn Bhd serves as Corporate Finance Adviser.erwrite 34.60 million new Shares, comprising 30.30 million Shares made available to the Malaysian Public and 4.30 million Shares made available to eligible Directors and employees of the Group, subject to the clawback and reallocation provisions.
