Draft prospectus for Pengda Global's listing on the main board is being prepared.

Of the 2.0622 billion new shares, 21.25 million shares will be offered to the general public in Malaysia, 29.75 million shares will be reserved for qualified individuals, 35 million shares will be reserved for qualified shareholders of Pengda Group, who can apply for 1 new share for every 25 shares of Pengda Group, 69.97 million shares will be privately placed to designated investors and institutions, and 10.625 million shares will be reserved for indigenous investors certified by the Ministry of Investment and Trade.

The company has been engaged in the manufacturing of butt-weld fittings, stainless steel pipes, providing metal pipe bending services, and selling by-products since 2000.

According to the draft prospectus, the manufacturing of butt-weld fittings and stainless steel pipes account for the majority of the revenue, totaling over 90%.

After going public, the company will primarily use the raised funds to purchase new operational facilities, including headquarters offices, as well as establish new factory buildings and acid pickling plants for operational expenses.

The company already has an acid pickling plant in its Johor factory, but this plant can only pickle pipes up to 6 meters in length. For pipes longer than this length, it needs to be cleaned section by section, which is time-consuming. Therefore, the company will establish a new acid pickling plant that can accommodate pipes up to 11.8 meters in length.

Additionally, the company acquired a 2.35-acre industrial land and factory building in the Guadong area of Brazil at the end of April. It plans to use this space to construct a 0.05 million 6000-square-foot factory building, with completion and operation expected in the first quarter of 2027.

The company's operational expenses also include the acquisition of existing factory buildings in Banting and the purchase of land in Johor, as well as the purchase of new medical devices and equipment.

According to the prospectus, the company's largest markets are Malaysia and the USA. The USA accounted for 34.56% of the revenue in the 2024 fiscal year, while Malaysia accounted for 27.44% of the revenue. In addition, the company also exports to Taiwan, Indonesia, Canada, the Netherlands, and other countries.