Last updated on December 25, 2025
KUALA LUMPUR, 4 November 2025 — Riding on the wave of rising global demand for advanced polymer solutions, Polymer Link Holdings Berhad (“Polymer Link”) is gearing up for its next growth chapter with a RM24.3 million Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad, a move that will accelerate its expansion into new markets and strengthen its R&D capabilities.
The regional polymer manufacturer, known for its plastic powder and colour masterbatch used in rotational moulding applications, officially launched its IPO prospectus today, setting its sights on scaling operations and capturing opportunities in specialised polymer production across Asia-Pacific, the United States, and Australia.
From Regional Specialist to Global Player
Established in 2011, Polymer Link has evolved from a domestic compounder into a recognised player in the rotational moulding supply chain, supplying tailored polymer materials used in insulated cooler boxes, water tanks, diesel tanks, playground structures, and modular housing systems.
Headquartered in Klang, Selangor, the Group today operates across Malaysia, the Philippines, India, the U.S., and Australia, serving customers in more than ten international markets.
“This IPO is a defining moment for Polymer Link. It signifies our transition from a regional player to a global player in the rotational moulding supply chain,” said Mr. Koh Song Heng, Executive Vice Chairman, President and Group Chief Executive Officer.
“The funds raised will be channelled towards expanding our footprint, enhancing our innovation capabilities, and strengthening our ability to serve customers across different geographical markets. We are excited to move forward into this next phase of growth.”
IPO Proceeds to Power Expansion and Innovation
Through its IPO, Polymer Link will issue 97.1 million new shares at RM0.25 per share, raising approximately RM24.3 million. The proceeds will be strategically allocated to:
- RM5.0 million – Expansion of operations in Australia;
- RM6.2 million – Working capital;
- RM3.6 million – Capital expenditure;
- RM2.0 million – Repayment of bank borrowings; and
- RM7.4 million – Listing-related expenses.
The funds will strengthen the company’s capacity expansion efforts and boost its investment in R&D-driven materials engineering, a key growth driver in the rotational moulding industry, which continues to see surging demand from infrastructure, automotive, and sustainable housing sectors.
A Proven Track Record in Polymer Manufacturing
Polymer Link began operations in 2014 through Polymer Link Malaysia, before debuting on the LEAP Market in 2018. Following a voluntary delisting in 2020 to streamline its corporate structure, the Group re-emerged with a sharper focus on innovation, operational efficiency, and regional scale.
“Polymer Link’s focused business model, geographically diversified growth and operational track record makes it an attractive proposition in today’s industrial landscape,” said Mr. Phang Siew Loong, Head of Equity Markets at Hong Leong Investment Bank Berhad, the IPO’s Principal Adviser and Underwriter.
“We are honoured to be part of this milestone and confident in the Group’s ability to deliver sustainable growth in the years ahead.”
Echoing that sentiment, Dato’ Wan Asmadi Wan Ahmad, Managing Principal of DWA Advisory Sdn. Bhd., noted that Polymer Link’s listing will reinforce Malaysia’s role as a regional manufacturing hub:
“This milestone not only marks Polymer Link’s next growth chapter, but also reflects the resilience and innovation of Malaysia’s export-oriented industrial sector.”
IPO Timeline and Market Outlook
Applications for the Public Issue are open from 4 November to 11 November 2025 at 5:00 p.m.
Polymer Link is scheduled to list on the ACE Market on 25 November 2025, with a market capitalisation of RM140 million based on the IPO price of RM0.25 per share and an enlarged issued share capital of 560 million shares.
Hong Leong Investment Bank Berhad serves as the Principal Adviser, Sponsor, Sole Placement Agent, and Sole Underwriter, while DWA Advisory Sdn. Bhd. acts as Financial Adviser.
