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



 Loob_Berhad_IPO_Prospectus.pdf ( 12.44mb ) Number of downloads: 71




This post has been edited by premier239: Jun 6 2025, 09:34 AM

Tealive business drop a lot dur to mixue betul kah?

u can visit the branches near u to see yourself

in my area, mixue usually packed

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

you subscribe then you letting that guy cash out je.

Still relevant ke tealive?

buy mixue better

kena rugpull baru tau

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

bursa is a fking joke

oriental kopi already persian rugpull

usually i dont trust family run business...

too risky.

okay didn't know bask bear is also same company as tealive... that's a first

So obvious mau cash out, similar like cuckoo

Net profit margin sudah shrink for YE 2023 and 2024

Tats y ipo now

Tak apa lah...biar those we cant control...focus on what we can.

3 years old pun tau

n bursa still allows

topkek

smart move to cash out...
mixue will dominate

finally submitted after so many years

u gotta cook the numbers before submitting

look at the SSSG

need to tidy up the acc first ma

I never knew tealive able generate so much revenue

Tealive business is in the middle of Mixue (budget) and Chagee (premium)

The crowd also getting lesser from what i've seen, maybe those outlet outside of klang valley is doing well.

All this company invested by Creador confirm mau go listing one, they aim to cash out from the huge capital gain.

But now only SC approval, later on they have to find fund manager to buy up those share.

siapa beli memang bodoh

main market listing

PMX dah asked institutions to reduce foreign shares

our institutions would be forced to buy this shit

Literally late by 5-8 years?

janji EPF and PNB don't bodoh go and buy

itu 99 speedmart still ok, FMCG retail business. Itu ecoshop i think EPF and PNB is not the cornerstone investor.

Errr Jew guys drink these kind of shiat?

Rule 1 in bursa, Don't buy any stock related to Creador.

Rule 2, Follow Rule 1

too late to list hahaha

so many competitor

Bagusnya boleh cuci sampai kaya biar pun bisnes kosong hampir bankrupt.

last time they used to be budget , around rm6-7

now all become above 12++ , then all inside mall become tea live plus , same item higher price , better buy chagee

Sudah saw few Tealive outlets shut down this year.

And many still operating, which used to have some queue like 2 yrs ago, now all very free.

This is lansi chai somemore the number so obvious cooking nice after ipo different. same like SH , good luck for those subscribe

Administrative expenses so high one….

So many people minum potong kaki??

Ya probably want cash out

so strange, earn a lot meh?

i see many no business one

If you know the history of Loob and why they went from Chatime to Tealive, you would stay miles away of this unethical company.

many ways to cook

tealive / chatime both try hard to survive after mixue they all come in

IPO? haha good luck

Revenue higher but net margin getting lower and lower.

backed by maybank to probably tolong cook the books and institutions pressured by pmx to support local counters

this is bursa for u

This post has been edited by premier239: Jun 6 2025, 12:26 PM

belum chap lup ke?

Looking at Baskbear a d Tealive in Kuching, don't see high returns for this

Let the institutions prop up the price.

Kek u buy?

RM591.24m revenue.

U wan to question why they allowed to list? Other smaller companies also list already

Woah

The fact that they generate half a billion in annual sales is crazy

Penipu scammer pun boleh IPO

Boleh land apa lan cau pun boleh

Copy from deepseek

Here’s the **revenue breakdown** for Loob Berhad based on the prospectus:

---

### **1. Overall Revenue (FYE 30 June 2024)**
- **Total Revenue**: **RM591.2 million**
- Primarily driven by **Tealive** (bubble tea) and **Bask Bear** (café).

---

### **2. Revenue by Brand/Business Segment**
#### **(A) Tealive (Bubble Tea)**
- **Revenue**: **RM487.6 million** (82.4% of total revenue)
- **Malaysia**: RM460.5 million (~94.5% of Tealive’s revenue).
- **International**: RM27.1 million (~5.5%, from franchised/licensed stores).
- **Key Drivers**:
- Sales from **Corporate Stores** (547 outlets).
- Franchise fees & raw material supply to **Franchised Stores** (284 in MY + 121 int’l).

#### **(B) Bask Bear (Café)**
- **Revenue**: **RM103.6 million** (17.5% of total revenue)
- All revenue from Malaysia (135 stores).
- Mix of dine-in and takeaway sales (toasties, coffee, etc.).

#### **© SodaXpress & Others**
- **Revenue**: **Negligible** (not separately disclosed, likely under RM1 million).
- B2B sales of sparkling water machines (Malaysia/Indonesia).

---

### **3. Revenue by Source**

**Source**	**Contribution**	**Details**
--------------------------	------------------	------------
**Corporate Stores**	~60-65%	Direct sales from Tealive/Bask Bear company-owned outlets.
**Franchise/License Fees**	~15-20%	Royalties + supply of ingredients/packaging to franchisees.
**Others**	~15-20%	Includes management fees, marketing income, and FMCG trials.

---

### **4. Financial Trends (FY2022–FY2024)**

**FYE 30 June**	**2022** (RM’m)	**2023** (RM’m)	**2024** (RM’m)	**CAGR**
------------------	-----------------	-----------------	-----------------	----------
**Tealive**	412.2	448.8	487.6	**8.8%**
**Bask Bear**	10.3	62.9	103.6	**212%** *(rapid growth)*
**Total Revenue**	422.5	511.7	591.2	**18.3%**

- **Tealive**: Steady growth (~9% CAGR).
- **Bask Bear**: Exponential growth (3x expansion since 2022).

---

### **5. Margins & Profitability**
- **Gross Profit Margin**: **65.7%** (FY2024), up from 61.1% (FY2022).
- **Net Profit Margin**: **8.6%** (RM50.8 million PAT in FY2024).
- **Key Costs**:
- Raw materials (e.g., non-dairy creamer, fruit concentrates).
- Labor & store rentals (high in urban areas like KL/Selangor).

---

### **6. Future Revenue Drivers**
1. **Tealive International Expansion**: 400+ new franchised stores (India/Thailand/UAE).
2. **Bask Bear Growth**: 20 new stores/year in Malaysia.
3. **FMCG Launch**: Instant 3-in-1 beverages (JV with Aik Cheong) targeting RM50m+ sales by 2026.

---

### **Key Takeaways**
- **Heavy reliance on Tealive** (82% revenue), but Bask Bear is diversifying income.
- **Franchising model** boosts margins (recurring fees + lower capex).
- **Risks**:
- **Tealive dependence** – Any brand issue could hurt 80% of revenue.
- **Input cost inflation** (e.g., sugar, dairy).

Would you like a deeper dive into geographic (state-wise) revenue or store-level performance metrics?

no ppl want to list in Bursa, even a rm2 dollor shop can list as 1+ price,
what you expect?
look back the past few years, bursa is just a tools for ppl to con the hopless M40 and T19 money...

mixue, zus kopi hit it hard

if every year you pocket 591m, will you still list?

There will be a lot of scam/investment guru tell you to beli for sure and people will buy

plenty of recent listed IPO for few quaters all look nice after one year later all gg

ie, kuchingko (ipo open at 80 cent , now 10 cent) and others forgotten the name.

this. and due to other competitors namely chagee

kuchingko sell wat? satay kucchingko?

but not 99 speedmart

now stand at rm2.11

which is why dont hold those new iPO more than 3 days.

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

https://www.kucingko.com/

2d and 3d animation + advertising stuff ? last time even KJ promote it.

even WISE also moved from UK to US to list IPO.

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

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

u guess how much more he gets when he list?

He's cashing out?

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.

iirc zus was here before bask bear. Cannot la tealive pricing is closer to chagee the premium range but their strength and us known for affordable drinks. Not even in the middle between mixue and chagee.

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

i wanna see

Is call dumb for dump

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

yeah i will be like disaster girl watching it

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...

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.

yup you are right

creative accounting

now dont even look at tealive

straight go to mixue

or if at mall, buy chagee or beautea. More exp but more yummy

Eco-shop also losing? Which brand top ecoshop?

Common sense, cashing out

All fking joke because you can tell through the book building process 🤦‍♀️

This happens because Creador is impatient and waiting to cash out because they vested too long their usual period for their 10x

there is no offer for sale, only issuance of new shares.

they have been tidying up the accounts since 7 years ago or more. some of my ex colleagues were approached to lead their IPO project 7 years ago. heard their accounts and operations super messy, throwing $ to hire people to help fix.

anyway, Tealive still got their fanbase. but of course now will get threatened crazily by mixue, chagee, zus etc.

but IPO just to open 25 more stores... what is 25 compared to the 800+ stores that they are having now. if they are good and strong financially, can open 25 extra stores easily. definitely majority of the $ will be used to service debt and the family is cashing out. they dont really have a good solid long term plan aint it...

This post has been edited by callmecool: Jun 9 2025, 07:18 PM

Yes interbiu quite a number of kiosk workers lately

They said now everyday setup stall and whack flies only

Business not as good as last time during the boba tea fad era

Consumers have smarten up. Yes family intends to cashout

This post has been edited by carloz28: Jun 9 2025, 07:21 PM

i tot now is era mixue

Recent penny ipoS , do number cantik-cantik for quarter b4 ipo then after ipo earning all becom red , miracle

3 years old also know this is highly likely another pump n dump

before covid, this tealive already in the news hoo haa wanna ipo until today, even a normie would know what kind of book tealive is potentially cooking

bursa is a fking joke, still allow this kind of shit to list, whole msia stock market is left with institutions circle jerking each other like a ponzi scheme without foreign investors

worst thing pmx "advised" them to reduce foreign shareholding and support local market, fking hell using national pension funds to play all these shits

This post has been edited by premier239: Jun 9 2025, 09:20 PM

Not tidy accounts..
Is using those 7 yrs to jack up account so can do a good financial model projection to be included into ipo AP..
With some fund moving in to create inflationary growth, and that growth will confirm drop 1 yr after ipo.. as usual for all the previous ipo cases..

They do this to just meet the criteria and projection so that fund house will buy into it.. fking dirty one la this industry.. white collar borderline scam using legal way

Doesn't matter.

Earn from bursa instead

Even 99SM number is highly doubtful. In their IPO, they reported that average sales per store is 11k+ per day. You can ask anyone in this field, a 2 shop store typically generate about 6-7k in sales only.

But the boss Bryan Loo is handsome wei.
He has degree in Biotech, not junk spm leaver.

Burshietz is Desporadoo mode.,
thats not good...

KLCI to 1400 lagi pinting is in play again...

EPF buy, i will follow jer.

547 Tealive + 129 Bask Bear and opening 25 more stores...(corporate owned only excluding franchised and licensed which would make the growth look even worse)

Oriental Kopi to the moon

Tealive is no longer popular

more like kids these days prefer chagee , zus

mixue so so only, but apparently b40s love em so much

can ask Balanced about this

tealive at my place now is like krik krik already

their coffee sucks btw

Kekwa

This post has been edited by hcmalaya: Jun 14 2025, 07:50 AM

I mean that the quality of Msia ler bang. Wat u expect ? Nvidia, Apple or TSMC is it kek

Centerpoint Seremban yday night, maybe sold out go bk early