KUALA LUMPUR: Aquawalk Group Bhd aims to raise RM114.3 million from its initial public offering (IPO) ahead of its ACE Market listing on Bursa Malaysia Securities Bhd on Nov 19, 2025.

The developer and operator of Aquaria KLCC said RM89.77 million, or 78.6 per cent of the total proceeds, will be allocated for capital expenditure, and RM3 million (2.6 per cent) for information technology system improvements.

Another RM14.94 million (12.7 per cent) will be utilised as working capital, and the remaining RM7 million or 6.1 per cent is for estimated listing expenses.

Aquawalk group chief executive officer Daryl Foong said the company’s listing is a significant milestone for the group and for Malaysia’s tourism industry.

"It demonstrates that Malaysia has the regional capacity and the capability to provide world-class entertainment and education and to push the envelope in terms of what is possible for our schooling, our education, our conservation,” he said at the launch of the company’s prospectus.

He said it was possible to carry out educational and conservation work while remaining profitable.

The group plans to expand regionally with new oceanariums in Surabaya, Indonesia and Kota Kinabalu, Sabah, with completion targeted within the next three years, Foong said.

"We intend these locations to be within 40,000 to 70,000 square feet (sq ft). We have bigger ones of about 100,000 sq ft in Phuket,” he said.

He said construction will begin after the IPO. Each new location is expected to employ nearly 100 permanent staff, excluding opportunities created during construction.

The group designs, builds and operates aquariums around the world. In addition to Aquaria KLCC, it also owns and operates Aquaria Phuket and has a 40 per cent stake in Jakarta Aquarium and Safari.

The group will undertake a public issue of 368.6 million new ordinary shares and an offer for sale of 368.6 million existing shares.

Under the public issuance, 92.15 million shares will be made available for application by the Malaysian public, 4.68 million shares to eligible directors, employees and persons who have contributed to the Aquawalk's success, and 271.76 million shares by way of private placement.

The offer for sale will involve 230.37 million existing shares made available by way of private placement to bumiputra investors approved by the Investment, Trade and Industry Ministry, and 138.22 million shares by way of private placement to selected investors.

At an IPO price of 31 sen apiece, the company will have a market cap of RM571.3 million based on a total enlarged share capital of 1.84 billion shares on listing.

Application for the public issue portion opens today and closes at 5 pm on Nov 7, 2025.

M & A Securities is the adviser, sponsor and managing underwriter for the IPO, with CGS International as a joint underwriter and joint placement agent. - Bernama

Pls share fv

Tq

Aquarium very quiet

wait for Zoo listing
atleast Zoo got more things to see

This post has been edited by pileepalah: Nov 4 2025, 11:49 AM

just 1 day different closing date with PWM int, which one hamtam ?

I told them to BOMBARD THMY...but fell on deaf ears....
then...THMY EXPLODED $$$$$

NOW again - surely PMW

This post has been edited by IPO ADDICT: Nov 6 2025, 09:53 AM

TA fair value 0.37

Malacca securities fv 0.49

[quote=ktrader,Nov 6 2025, 01:55 PM]
Malacca securities fv 0.49

[/quote
...and Tradeview 0.45

[quote=ktrader,Nov 6 2025, 02:21 PM]
[quote=ktrader,Nov 6 2025, 01:55 PM]
Malacca securities fv 0.49

[/quote
...and Tradeview 0.45

[/quote]
can give source or post screenshot here? tq

1261

coming leow 1500

2morrow can reach 5000 b4 5 pm

hmmm.....

Remember World NO 1 Famous Investor WARREN BUFFETT TAG LINE ?

>> BE GREEEEEEDY when...? ........hmmm

This post has been edited by IPO ADDICT: Nov 7 2025, 07:21 AM

nobody apply？

low number roughly 2500 by now
low turnout

fv given not very excited 37cts to 48 cts only
now ppl expected something like cheeding , THMY and IAB

This post has been edited by pileepalah: Nov 7 2025, 12:38 PM

Even FV/TP given is so so or below IPO price....

Sure oversubscribed one 😑

Note what Ms Nexona88 said about Farmiera O.S around 25 X ( public )
People now very smart...hmmm 1 cap ayam analyst gave an ANTI-CLIMAX FV for FARMIERA - hmmm NO BODY believe it....that's why Over subscribed 25X

AQUAWALK IPO....why cold ?....NOT bcoz of the TP/FV ...but...hmmm

This post has been edited by IPO ADDICT: Nov 7 2025, 02:53 PM

2773

look like quite easy to strike this ipo with 92 million offered to the public

Try 501 lots and see how. Niche business. Good profit margins.

2927