KUALA LUMPUR, 30 October 2025 — Aquawalk Group Berhad, the developer and operator behind the world-class Aquaria KLCC, has officially launched its Initial Public Offering (IPO) prospectus in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad, scheduled for 19 November 2025.
The IPO marks a key milestone for the marine attraction developer as it transitions into a public-listed entity to strengthen its capital base, expand its portfolio, and capture regional opportunities in the growing oceanarium and edutourism industry across Asia Pacific.
Raising RM114.3 Million to Fuel Expansion
Under the IPO, Aquawalk Group will issue 368.6 million new ordinary shares and an offer for sale of 368.6 million existing shares, representing 40.0% of its enlarged issued share capital.
Priced at RM0.31 per share, the company is expected to raise up to RM114.3 million in total and achieve a market capitalisation of RM571.3 million based on its enlarged share capital of 1.843 billion shares upon listing.
Proceeds from the IPO will be channelled toward:
- Upgrading and developing new and existing attractions,
- IT system enhancements,
- Working capital needs, and
- Listing-related expenses.
The funds will primarily support new project development aligned with Aquawalk’s vision of becoming the region’s leading centre for ocean education and sustainable marine conservation.
Malaysia’s First Oceanarium Operator to Go Public
Founded in 2005, Aquawalk Group is best known for operating Aquaria KLCC, Malaysia’s premier oceanarium that attracts over one million visitors annually.
Beyond Malaysia, the group also owns and operates Aquaria Phuket in Thailand and holds a 40% stake in Jakarta Aquarium & Safari (JAQS) in Indonesia.
“Aquawalk is set to be the region’s first oceanarium to go public, with vast opportunities to expand our portfolio further in other markets within Asia Pacific,” said Dato’ Simon Foong, Executive Chairman of Aquawalk Group Berhad.
“We are more than just an operator of aquariums, we are a company that creates experiences, builds destinations, and inspires learning. Our purpose is to encourage more people to see, feel, love and help protect the ocean.”
IPO Details and Advisors
The application for the public issue portion of the IPO is now open and will close on 7 November 2025.
M & A Securities Sdn Bhd serves as the Adviser, Sponsor, Managing Underwriter, Joint Underwriter, and Joint Placement Agent, while CGS International Securities Malaysia acts as Joint Underwriter and Joint Placement Agent for this IPO exercise.
