KUALA LUMPUR, 22 October 2025 – Polymer Link Holdings Berhad (“Polymer Link” or “the Group”), a fast-growing regional and international plastic manufacturer, has officially signed an underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) in preparation for its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.
The move marks a significant milestone for Polymer Link as it advances toward becoming a listed entity, leveraging capital market access to accelerate its growth, strengthen operations, and expand its global presence.
Building a Regional Force in Polymer Solutions
Founded in 2011, Polymer Link has steadily established itself as a trusted name within the plastic rotational moulding supply chain, known for its precision-engineered plastic powder and colour masterbatch solutions. The Group’s manufacturing process involves formulation, compounding, and grinding, a value chain that reflects deep technical expertise in selecting and blending resins, additives, and masterbatches to meet the diverse needs of industrial clients.
Its products are widely used across sectors such as industrial storage, automotive components, water tanks, chemical containers, and infrastructure applications. By providing customised plastic powder solutions and colour masterbatch formulations, Polymer Link serves as a critical link between material science and end-product manufacturers.
The company’s dual focus, producing for both in-house and external customers, has strengthened its resilience, allowing it to capture demand growth across multiple industries and regions.
IPO Structure and Underwriting
According to the exposed prospectus filed with Bursa Securities, Polymer Link’s Initial Public Offering (IPO) consists of:
- Public issue: 97.15 million new shares, representing 17.3% of the enlarged share capital (560 million shares).
- Offer for sale: 24.08 million existing shares, equivalent to 4.3% of the enlarged share capital.
The public issue allocation includes:
- 28.00 million shares (5.0%) for the Malaysian public (split evenly between Bumiputera and non-Bumiputera investors).
- 4.44 million shares (0.8%) allocated to eligible directors, key senior management, and employees via Pink Form Allocations.
- 64.71 million shares (11.5%) through private placement to selected investors.
Meanwhile, the offer-for-sale portion of 24.08 million shares (4.3%) will also be placed with selected investors.
Under the agreement, Hong Leong Investment Bank Berhad will underwrite a total of 32.44 million shares, comprising both the Malaysian public and Pink Form Allocations — ensuring full subscription and reinforcing investor confidence in the offering.
HLIB also acts as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent, with DWA Advisory Sdn. Bhd. serving as the Financial Adviser for the IPO.
Scaling Operations and Regional Expansion
Polymer Link’s Executive Vice Chairman/President and Group CEO, Mr. Koh Song Heng, described the underwriting agreement as a defining step in the company’s growth journey.
“The signing of this agreement with Hong Leong Investment Bank marks a pivotal milestone in our listing journey on the ACE Market,” said Mr. Koh.
“With this IPO, we aim to scale our operations, expand international reach, and strengthen our role as a leading player in the rotational moulding industry. Our planned entry into Poland, along with ongoing expansion in Australia and Southeast Asia, will enhance our production network and bring us closer to customers across key markets.”
He added that the listing proceeds will support capacity expansion, technology enhancement, and diversification into new regional distribution channels, while continuing to drive product innovation in specialised polymer formulations.
“Our commitment remains to deliver high-quality, customised polymer solutions that meet the evolving needs of manufacturers globally. With our strong technical foundation and customer-centric approach, we are confident that Polymer Link will continue to deliver sustainable growth in this next chapter,” he said.
Positioned for Global Growth
Polymer Link’s listing approval was granted by Bursa Securities on 25 July 2025, positioning the Group to capitalise on Southeast Asia’s growing demand for advanced polymer materials.
The Group’s expansion strategy, anchored by operational excellence and global market reach — underscores its ambition to become a regional hub for rotational moulding materials. As sustainability and material efficiency drive manufacturing trends worldwide, Polymer Link aims to leverage its expertise to meet rising industrial demand and support the transition towards smarter, greener manufacturing solutions.
