he can ipo, you don't have to subscribe kan?

you subscribe then you letting that guy cash out je.

most tealive that i know are quite dead. nowadays ppl prefer to drink mixue or chagee/beautea.

mixue, zus kopi hit it hard

KUALA LUMPUR (June 5): Loob Bhd, the operator behind popular food and beverage (F&B) brands Tealive and Bask Bear, is preparing for a listing on the Main Market of Bursa Malaysia.

Proceeds from its initial public offering (IPO) are intended to finance the opening of 12 new Tealive stores and 13 Bask Bear stores, and to repay existing borrowings, according to Loob's draft prospectus filed with the Securities Commission Malaysia.

The IPO will comprise a public issue of 58.46 million new shares, representing 5% of the company's enlarged share base, and an offer for sale of 292.3 million existing shares that represent 25% of its enlarged share base.

Loob said it is the "largest brand owner by number of stores in the F&B services industry in Malaysia" through Tealive and Bask Bear. The group had 831 Tealive stores as at Feb 28, comprising 547 Tealive corporate stores and 284 Tealive franchised stores; and 135 Bask Bear stores, comprising 129 Bask Bear corporate stores and six Bask Bear licensed stores.

Loob also operates 121 Tealive franchised stores across the Philippines, Myanmar, Brunei, Mauritius, Vietnam, Cambodia, and Canada.

In addition to its F&B business, the company also sells sparkling water machines and carbonated gas cylinders to both businesses and consumers.

Loob made a profit after tax of RM51.6 million for its financial year ended June 30, 2024 (FY2024), up 33.96% from RM38.52 million in FY2023, but less than the RM64.53 million it achieved in FY2022. Revenue, meanwhile, grew to RM591.24 million in FY2024, from RM511.75 million in FY2023 and RM422.49 million in FY2022.

Of the 350.76 million shares under the public issue and offer for sale, 134.46 million shares (11.5% of the enlarged share base) will be reserved for the Malaysian public under the retail offering, and 11.69 million shares (1%) will be allocated to eligible persons of the group, both via application.

The remaining 204.61 million shares will be offered to institutional investors as follows: 58.46 million shares (5% of enlarged share base) to selected investors and 146.15 million shares (12.5%) to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, both through bookbuilding.

The 292.3 million existing shares under the offer for sale will be offered by substantial shareholders Uttama Ltd, Loob executive director and chief executive officer Bryan Loo, his father and director Loo Chuu Lin, his sister and executive director and chief operating officer Loo Chee Leng, and Singli Aerovest Sdn Bhd.

Based on the company's current share base, Uttama holds a 30% stake, followed by Bryan with 21.8%, Chuu Lin (20.2%), Chee Leng (17.1%), and Singli Aerovest (5.4%).

Uttama is wholly owned by Creador IV LP, while Singli Aerovest is 70% owned by Datuk Mah Yew Lay and 30% by Mah Kok Weng.

Uttama will offer the largest portion under the offer for sale with 233.84 million shares (20% of the enlarged share base), followed by Bryan with 17.28 million shares (1.5%), Chuu Lin with 15.98 million shares (1.4%), Chee Leng with 13.5 million shares (1.2%), and Singli Aerovest with 11.69 million shares (1%).

Post-listing, Uttama’s stake is projected to fall to 8.5%, Bryan's to 19.3%, Chuu Lin's to 17.8%, Chee Leng's to 15.1%, and Singli Aerovest's to 4.1%.

Maybank Investment Bank Bhd is the principal adviser and sole managing underwriter for the IPO. It is also the joint bookrunner and underwriter with AmInvestment Bank Sdn Bhd.








someone is cooking 
revenue up, but SSSG drop

[attachmentid=11514419]

hahhaha this fella is a known crook
still got people going to buy into his shit?

i wanna see

For every 10 person out there, sure gonna be 1 or 2 waterfish

he doesnt pocket that much . net profit is 50m.

u guess how much more he gets when he list? 

looks good on paper, big enough to list. infact i think they should list few years back, but probably wanna kasi the accounts cantik and compliance issue baru list

he managed to add more outlets to grow revenue. even if some outlets' business drop, the business overall still growing. now expanding overseas to thai, uae.

grew to RM591.24 million in FY2024, from RM511.75 million in FY2023 and RM422.49 million in FY2022.

Year            Tealive Bask Bear Total Outlets YoY Growth       
2022              ~730 ~52          ~782          -
2023              ~850 ~94          ~944          +20.7%
2024 (LPD) 952  135          1,087          +15.1%

Revenue YOY growth
2023 -  +21.1%
2024 -  +15.5%

Which mean the growth is mainly coming from the expansion of outlet, the existing outlet sales sudah stagnant. In fact it will be worsen if Mixue and Bingxue keep penetrating, especially those franchise unit.

i know, this is why they choose to listing, but why only now

bcos they have the first hand info, they may not be so profit due to so many brand coming in

same for cuckoo, eco-shop, DIY, etc...

they balloon the number by loan, spending etc...

so they can rip off the chinese chives...

we dun buy, but our institutions will be forced to buy this shit

bursa is a fking joke

he can ipo, you don't have to subscribe kan?

you subscribe then you letting that guy cash out je.

Tealive business drop a lot dur to mixue betul kah?