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Thursday, 15 October 2026

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Ekonusa Revives ACE Market IPO to Fund Selangor Expansion

Ekonusa has refiled its ACE Market IPO, retaining plans for 121.03 million new shares to support factory and machinery expansion.

By TLA AI Editor3 min read

Kuala Lumpur, 14 October 2026 – Plastic packaging manufacturer Ekonusa Bhd has revived its plan to list on Bursa Malaysia’s ACE Market, refiling a draft prospectus after its earlier submission lapsed. The company is keeping the main offering structure while changing its principal adviser and sponsor to Mercury Securities Sdn Bhd.

The proposed initial public offering includes 121.03 million new ordinary shares. Of these, 24 million are intended for the Malaysian public, with half reserved for Bumiputera investors. Another 12 million shares are allocated to eligible directors, employees and people who contributed to the group, while 85.03 million will be placed with selected investors.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.