Malaysia’s budget retailer Eco-Shop Marketing Sdn. and Loob Holding Sdn., which runs bubble tea chain Tealive, are aiming to go public next year as their private equity backer Creador Capital Group looks to build on its record of successful exits in the Southeast Asian country.

Eco-Shop is in the midst of finalizing its first-time share sale and is looking at listing in the second quarter of 2024, with Tealive scheduled for sometime in the final three months of next year, according to Creador Chief Executive Officer Brahmal Vasudevan.

“Eco-Shop does sales of close to 2.2 billion ringgit a year, with profits well north of 100 million ringgit, so that should be a good listing,” Brahmal said in an interview at his office in Kuala Lumpur.

Eco-Shop will be the third Creador-backed company to list on Bursa Malaysia since 2020, following debuts by home improvement chain Mr DIY Group (M) Bhd. and credit bureau CTOS Digital Bhd. The listing may provide a further impetus to Malaysia’s initial public offerings market, which hosted $512 million of first-time share sales so far this year, about an 8% increase from a year ago, according to data compiled by Bloomberg.

Creador has also convinced its latest portfolio company, the Malaysian pet food maker Pet World International, to pick Bursa Malaysia over Singapore’s exchange as its listing venue, as the country remains a “very good” IPO market, Brahmal said.

“We have a lot of captive capital, valuation multiples are good and there’s high demand from our local institutions,” he said. “We’ve demonstrated that Malaysia is a good market for companies that have a good growth proposition.”

Twenty one IPO stocks that debuted in Kuala Lumpur this year delivered an average gain of 49% since listing, more than twice the average increase for listings in Southeast Asia, data compiled by Bloomberg show.

Excerpts from the interview:
- The consolidation of Caring Pharmacy and Creador-backed Big Pharmacy will take a year, after Big Pharmacy bought Caring for 637.5 million ringgit ($140 million) in July

- Combined annual sales volume for both chains estimated at 2.5 billion ringgit; listing will be pursued sometime in 2025 or 2026, Brahmal said

- Creador has raised $2.15 billion since its inception in 2011, and invested about $2 billion; the fund has returned about 20% annually in dollar terms to investors

- The buyout firm has divided about 70% of its capital evenly between Malaysia and India, and its investors include development banks, family offices, university endowments and insurance companies

https://www.bloomberg.com/news/articles/202...aysia#xj4y7vzkg

eco-shop going mr diy directions

confirm

bila dah list, overvalued, shareholder amik wang ciao

thats the move that always been made here.. when business start going up booming, fast fast put in bskl

last time like oldtown kopitiam

Pump and dump

If you wanna apply, make sure first day chao

Wahlberg can pls stopping quote first post? why need quote every post?
is too long to scroll

i thought tealive wanted to get listed long ago

now they dragged until so late, Mixue from China already masuk n stealing the pie

It is hardly a significant rise...I expected a MYR10+ increase. So, can calm down by listening to my music...

Eco-shop, understand-able

Tea live, fuck no, money laundry business

KEK MIXUE

u pigi mana mana location ask ini ada? tarak
ini ada? tarak

apalancau pun tarak coz the raw materials habis from hq

kek

solve then baru talk la cb

Means demand is strong. bull signal. Buy buy buy up up up

This post has been edited by KekTart: Aug 2 2023, 05:40 PM

matter of time...

it is getting more outlets now, heard its franchise quite cheap to open

but ya, the master franchise here seems very weak to support

solve your issue baru talk la

dont ini ka ini ka

blow water till naik langit

another pump and dump