Sik Cheong Debuts On Bursa At A Premium Of 85%
Sik Cheong Debuts On Bursa At A Premium Of 85%
The Malaysian RBD palm olein repackaging industry is expected to grow significantly, with a projected compound annual growth rate (CAGR) of 20.9%, reaching RM12.8 billion by 2026. This growth is driven by consistent consumer demand and an increase in demand from hotel, restaurant, and catering operators.Sik Cheong Berhad ("熾昌有限公司"), a company specializing in the repackaging, marketing, and distribution of RBD palm olein oil, has made a strong debut on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The company, listed under the consumer products and services sector, trades under the stock name SCB with the stock code 0316.
熾昌有限公司是一家专门从事RBD棕榈油包装、营销和分销的公司，在马来西亚交易所ACE市场（“马交所”）上市，其所属消费品和服务板块，股票代码为0316，股票名称为SCb。
At the opening bell, Sik Cheong's share price opened at 50 sen, marking an impressive 85.2% premium over its issue price of 27 sen.
在开盘时，熾昌的股价为50仙，较其27仙的发行价溢价85.2%。
"We are truly grateful for the market's confidence as Sik Cheong embarks on this new journey as a publicly listed company," said Sik Cheong's Managing Director, Mr. Wong Hing Ngiap (黄興業). "This milestone reflects over three decades of our expertise in the RBD palm olein oil repackaging industry. With the capital raised, we are well-positioned to enter our next phase of expansion."
“我们非常感谢市场对熾昌作为一家上市公司的信任，”熾昌董事总经理黄兴业先生说。“这个里程碑反映了我们在RBD棕榈油再包装行业三十多年的专业知识。通过融资，我们有了足够的资本，使我们有信心进入下一个扩张阶段。”
The Malaysian RBD palm olein repackaging industry is expected to grow significantly, with a projected compound annual growth rate (CAGR) of 20.9%, reaching RM12.8 billion by 2026. This growth is driven by consistent consumer demand and an increase in demand from hotel, restaurant, and catering operators.
预计马来西亚RBD棕榈油再包装行业将大幅增长，年复合增长率（CAGR）为20.9％，到2026年将达到128亿马币。这种增长是由持续的消费者需求和酒店、餐厅和餐饮经营者需求的增加推动的。
Recognizing the market potential, Sik Cheong plans to expand its product range to include high oleic soybean oil, offering a cost-effective option suitable for various cooking methods. This strategic expansion will be supported by the construction of a new packaging facility by rebuilding Factory No. 9, situated next to the existing Factory No. 11. The expansion will increase Sik Cheong's operational space by 88.1%, addressing the space limitations at Factory No. 11 and enabling the repackaging of both high oleic soybean oil and RBD palm olein oil products.
认识到市场潜力，熾昌计划扩展其产品范围，包括高油酸大豆油，为不同的烹饪方法提供一种经济实惠的选择。这种战略性扩张将得到新工厂的支持，新工厂将重建现有第11工厂旁边的第9工厂，这将增加熾昌的运营空间88.1％，解决第11工厂的空间限制，并使高油酸大豆油和RBD棕榈油产品都可以重新包装。
Additionally, Sik Cheong aims to expand its geographical reach to states such as Perak, Negeri Sembilan, Melaka, and Pahang, leveraging their proximity to Kuala Lumpur and Selangor, where Factory No. 11 is located. To ensure timely and reliable deliveries, the company will also increase its fleet of delivery trucks.
此外，熾昌还旨在将其地理覆盖范围扩展到霹雳、森美兰、马六甲和彭亨等州，利用其靠近吉隆坡和雪兰莪的优势，工厂11位于此地。为确保及时和可靠的交付，该公司还将增加其交付卡车的车队。
From its IPO, Sik Cheong raised RM17.8 million, allocating RM7.2 million (40.3%) for the expansion of its packaging facility, RM0.9 million (5.0%) for new delivery trucks, RM6.0 million (33.4%) for working capital, and RM3.8 million (21.3%) to cover listing expenses.
从招股书来看，熾昌筹集了1780万马币，其中分配了720万马币（40.3％）用于扩建其包装设施，90万马币（5.0％）用于采购新交付卡车，600万马币（33.4％）用于营运资金，380万马币（21.3％）用于覆盖上市费用。
TA Securities Holdings Berhad served as the Principal Adviser, Sponsor, sole Underwriter, and Placement Agent for the IPO exercise.
TA长益证券控股有限公司担任这次招股的主要顾问、保荐人、唯一承销商和配售代理。
