HSS Holdings Bhd, a Johor-based bakery products firm, announced plans to list on the Bursa Malaysia ACE Market on June 23, 2026, via an initial public offering (IPO) priced at RM0.18 per share [1, 2]. The IPO will involve issuing 75 million new shares with a target to raise RM13.5 million in gross proceeds [2]. Existing shareholders will sell 52.5 million shares through a share placement aimed at raising RM9.45 million [1, 2].

The company’s IPO application period closes on June 9, 2026, with the official listing scheduled for June 23, following a series of subscription and allocation steps including a lottery draw on June 11 and share distribution on June 19 [1, 2].

HSS Holdings, operating under brands such as SINAR, sells baking products through wholesale, distribution, and retail channels in Malaysia, Singapore, Australia, and Indonesia [1, 2]. In the fiscal year 2025, it recorded revenue of RM144.44 million and net profit of RM8.59 million [1, 2].

The company plans to use the IPO proceeds to expand production capacity, repay bank loans, and cover operating and listing expenses [1, 2]. It intends to add new automated cookie and cake production lines and upgrade existing ones to boost productivity [2]. The enlarged share capital post-IPO will total 500 million shares, with an estimated market capitalization of RM90 million [2].

Shares will be allocated as follows: 25 million to the Malaysian public, 10 million to qualified directors, employees, and contributors, 10 million to Bumiputera investors approved by MITI, and 30 million via private placement [2]. CGS-CIMB Securities serves as IPO advisor, lead manager, underwriter, and placement agent for HSS Holdings [1, 2].

Managing Director Wong Cheng Cheong said the IPO prospectus launch marks a new stage, describing the listing as an important milestone rather than an endpoint. He added the funds raised will boost production capacity, operational efficiency, and accelerate product development, laying a solid foundation for future growth [2].

The IPO subscription deadline is June 9, with the final listing on Bursa Malaysia ACE Market expected on June 23, 2026 [1, 2].