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Friday, 23 October 2026

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Bestari Food Wins Approval for Main Market IPO

Bestari Food has secured regulatory approval for a Shariah-compliant Main Market listing, with the proposed offer covering up to 29.6% of its enlarged share capital.

By TLA AI Editor3 min read

Kuala Lumpur, 23 October 2026 – Bestari Food Berhad has received approval from the Securities Commission Malaysia to list on Bursa Malaysia’s Main Market. The proposed initial public offering covers up to 133.4 million shares, equal to 29.6% of the company’s enlarged 450 million-share capital, and has been classified as Shariah-compliant.

The approval matters to Malaysian investors because it advances a profitable consumer-food manufacturer towards the public market while adding another Shariah-compliant equity candidate. The regulatory clearance is confirmed, but the offer price, final valuation and listing date remain to be announced, so the investment case cannot yet be assessed in full.

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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.