KUALA LUMPUR, 24 November 2025 — Semico Capital Bhd has signed an underwriting agreement with Affin Hwang Investment Bank Bhd for its upcoming initial public offering (IPO) in preparation for a listing on the ACE Market of Bursa Malaysia.
Semico Capital is a family entertainment operator and a nationwide toys and collectibles wholesale and distribution provider. The Group supplies arcade and amusement machines and also operates a family entertainment centre located at The Mines, Selangor.
The company holds distributorships for well-known brands such as Superwing, Dreamfuns and Pop Mart, and is an authorised distributor for ACE Amusement, UNIS and Jakar, strengthening its footprint across Malaysia’s entertainment and retail ecosystem.
IPO Structure: 92.7 Million New Shares, 18 Million Offer-for-Sale Shares
The IPO entails:
- 92.7 million new shares (25.7% of enlarged share capital)
- 18 million existing shares for sale (5% of enlarged share capital)
Breakdown of the 92.7 million issue shares:
- 18 million for the Malaysian public via balloting
- 15 million for eligible directors, employees and business associates (pink form)
- 59.7 million via private placement to selected investors
Meanwhile, the 18 million offer-for-sale shares will also be offered via private placement.
Affin Hwang will underwrite 33 million issue shares, consisting of the portion allocated to the Malaysian public and the pink form allocation.
CEO: IPO Marks Next Phase of Growth
Executive director and chief executive officer Tai Lee Chuen said the underwriting agreement marks an important milestone for Semico Capital as it prepares for its next growth stage.
He said the company remains focused on strengthening its market position and expanding its reach to better meet customer needs.
Listing Expected by January 2026
Semico Capital is scheduled to list on the ACE Market by January 2026. Affin Hwang serves as the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO.
