EGH International Berhad Signs Underwriting Agreement with Berjaya Securities Sdn Bhd for ACE Market Listing 2026
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Key Highlights:
- We have reached another milestone in our ACE Market listing journey with the signing of our IPO underwriting agreement.
- IPO proceeds are intended to support our growth and operations, including the repayment of borrowings, general working capital, and the construction of a new head office, warehouse and Interior Premium Outlet Flagship Gallery.
- Berjaya Securities Sdn Bhd is our Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for our Initial Public Offering exercise.
EGH International Berhad ("EGHI") is pleased to announce that we have entered into an underwriting agreement with Berjaya Securities Sdn Bhd ("Berjaya Securities") in conjunction with our proposed Initial Public Offering ("IPO") on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Malaysia").
Our IPO exercise entails the issuance of up to 360 million shares, representing 36% of our enlarged issued share capital, comprising a public issue of 240 million new ordinary shares ("Issue Shares") and an offer for sale of up to 120 million existing shares ("Offer Shares").
1. Retail Offering:
- 50,000,000 Issue Shares, representing 5.0% of our enlarged issued share capital, will be made available by way of balloting to the Malaysian Public.
- 30,000,000 Issue Shares, representing 3.0% of our enlarged issued share capital, will be made available to eligible directors, employees and other persons who have contributed to the success of our Group.
- 160,000,000 Issue Shares, representing 16.0% of our enlarged issued share capital; and
- Up to 120,000,000 Offer Shares, representing 12.0% of our enlarged issued share capital.
Pursuant to the underwriting agreement, Berjaya Securities will underwrite 80.0 million Issue Shares under the Retail Offering, subject to the clawback and reallocation provisions set out in the exposure prospectus.
Following the IPO, our enlarged share capital will comprise 1 billion shares.
The signing of the underwriting agreement marks another significant milestone in our IPO journey, bringing us one step closer to enabling public participation in our growth story.
From left to right: Pua Kin Joh, (Head of Deal Advisory); Anuar bin Omar, (Head of Capital Markets / Corporate Finance); Dato' Weslie Lim, (Group Managing Director, EGHI Berhad);
and Jessie Lim, (Group Chief Executive Officer, EGHI Berhad).
"We look forward to continuing our growth trajectory by enhancing our position in Malaysia's interior fit-out industry, expanding our operational capabilities, and growing our B2C retail segment. We remain committed to delivering quality projects that meet the highest standards of craftsmanship and professionalism," said Dato Weslie Lim, the Founder and Group Managing Director of EGH International Berhad.
We intend to use the IPO proceeds primarily for:
- Repayment of borrowings to achieve interest savings and reduce gearing;
- General working capital to support project execution, business operations and expansion;
- Construction of a new head office, warehouse and Interior Premium Outlet Flagship Gallery in Puchong, Selangor; and
- Defraying the costs of the IPO process.
The planned use of proceeds follows the information provided in the media release.
EGH International Berhad is on route to an ACE Market listing on Bursa Malaysia in October 2026.
For more information, kindly contact:
Email : info@ecogroup.com.my
08 Sep 2026
