Pantech Group

Of the 20.66 million new shares, 21.25 million shares will be offered to the public in Malaysia. 29.75 million shares will be reserved for eligible individuals, 35 million shares will be reserved for qualified shareholders of Pantech Group, and for every 25 shares of Pantech Group, 1 new share can be purchased. 69.97 million shares will be privately placed for designated investors and institutions, and 10.62 million shares will be reserved for indigenous investors certified by the Ministry of Investments and Trade.

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

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

After the company went public, it mainly used the funds raised to purchase new operational facilities, including headquarters offices, while also establishing new factories and acid pickling plants to be used as operating expenses.

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

At the end of April, the company acquired a 2.35-acre industrial land and factory building in the Gudang area of ​​Brazil, and plans to use this space to build a 6000-square-foot factory, expected to be completed and operational in the first quarter of 2027.

The company's operating expenses also include buying the existing factory in Klang, buying the land of the existing factory in Johor, purchasing new medical device equipment, etc.

According to the prospectus, the company's largest markets are Malaysia and the USA. The revenue share from the USA in the 2024 fiscal year is as high as 34.56%, while Malaysia's revenue share reaches 27.44%. In addition, the company also exports to Taiwan, Indonesia, Canada, the Netherlands, and other countries.