KUALA LUMPUR, August 29, 2025 – Integrated aquaculture player Camaroe Berhad has taken a decisive step towards its market debut with the official launch of its prospectus in conjunction with its upcoming Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad. The move marks a new chapter in the company’s transformation from a traditional prawn farming operator into a fully integrated aquaculture group with ambitions to cement its presence in regional export markets.
Under the IPO structure, Camaroe will issue 99 million new ordinary shares, representing 20% of its enlarged issued share capital of 495 million shares, while an additional 49.5 million existing shares, equivalent to 10%, will be offered for sale. Shares will be priced at RM0.14 apiece, enabling the group to raise gross proceeds of RM13.86 million.
The funds are earmarked for several strategic initiatives that align with Camaroe’s growth and sustainability agenda. The largest portion, RM6.89 million, will go towards building a new processing facility in Bukit Raja, designed to enhance the group’s downstream capabilities and improve efficiency in prawn processing for both domestic and export markets. To further bolster production, Camaroe has allocated RM0.73 million for new machinery and equipment purchases.
In line with Malaysia’s renewable energy drive and the company’s sustainability vision, Camaroe will also invest RM0.39 million in solar panel installation, cutting carbon emissions and reducing long-term energy costs. Meanwhile, RM1 million has been set aside to establish a biotechnology department focused on aquaculture research and development, underscoring the group’s commitment to innovation in black tiger prawn farming. The remainder of the IPO proceeds will cover working capital requirements of RM0.96 million and listing expenses amounting to RM3.9 million.
Managing Director Teoh Han Boon described the IPO as a landmark milestone in Camaroe’s growth journey, highlighting the company’s evolution from a local aquaculture farm to a regional black tiger prawn supplier with a robust Asia-Pacific export footprint. “This IPO will provide the capital necessary to modernise our downstream infrastructure, expand sustainable practices, and strengthen our research and development capabilities in aquaculture. We are excited to unlock the next phase of growth and further position Camaroe as a trusted regional prawn brand,” he said.
Danny Wong, Deputy Head of Corporate Finance at M & A Securities Sdn Bhd, the adviser and underwriter for the IPO, praised Camaroe’s trajectory in scaling operations and adapting to a highly competitive industry. He noted that the group’s established international customer base and its integrated value chain give it an edge in capturing the growing demand for black tiger prawns. “With clear expansion plans and a strong operational footprint, Camaroe is well-positioned to benefit from rising export demand. This IPO will catalyse its long-term growth and support its strategic transformation,” Wong remarked.
Camaroe’s entry into Bursa’s ACE Market is expected to strengthen investor appetite for Malaysia’s aquaculture sector, which continues to show resilience and growth potential amid shifting global protein consumption patterns and increasing demand for sustainable seafood.
