Kuala Lumpur, 17 September 2025 — Farmiera Berhad, a fast-growing poultry producer and distributor, has taken a decisive step toward its market debut with the signing of an underwriting agreement with Malacca Securities Sdn Bhd. Acting as the Principal Adviser, Sponsor, Underwriter and Placement Agent, Malacca Securities will guide Farmiera’s upcoming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Berhad.
Farmiera, together with its subsidiaries, is deeply embedded in Malaysia’s poultry supply chain. The group is engaged in poultry farming and processing, supplying live broilers as well as HALAL-certified raw poultry products. Its operations include 15 self-owned broiler farms and partnerships with 44 contract farms across Selangor, Negeri Sembilan, Perak, Pahang and Melaka. To complement its upstream operations, Farmiera runs two HALAL-certified processing plants, giving it end-to-end control over production and distribution.
IPO details
The company’s IPO will comprise the issuance of 117 million new ordinary shares, representing 26 percent of its enlarged share capital. The issue will be allocated in the following manner:
- 22.5 million shares for public subscription by the Malaysian public;
- 9 million shares reserved for eligible employees, key senior management and contributors to the group’s growth;
- 29.25 million shares offered by way of private placement to selected investors; and
- 56.25 million shares allocated to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
This structure reflects Farmiera’s intention to balance retail participation with strategic institutional support, while meeting Malaysia’s Bumiputera equity requirements.
Management’s outlook
Speaking at the signing, Managing Director and Chief Executive Officer Hong How Seng described the event as a milestone for Farmiera:
“We are truly humbled to have reached this stage of our IPO process, and the signing of the underwriting agreement marks a significant milestone for the Group. In appreciation of the trust and support we have received, we will continue to grow the Group and advance sustainable production through construction of our parent stock farms and hatchery. We remain committed to deliver fresh, high-quality poultry products while strengthening Farmiera and paving the way for future success.”
Hong emphasised that future growth would be guided by sustainability, efficiency, and food security—priorities aligned with both national policy and consumer demand. By investing in parent stock farms and hatchery development, Farmiera aims to expand capacity, ensure quality control, and reduce reliance on imports.
Industry context
Malaysia’s poultry industry is a cornerstone of its food supply chain, with chicken representing one of the most affordable protein sources for consumers. Rising urban demand, coupled with greater emphasis on halal integrity and biosecurity, has created opportunities for integrated producers like Farmiera to scale. The IPO, if successful, is expected to provide the group with funds to expand capacity, strengthen its supply chain resilience, and increase its visibility in a competitive domestic market.
With Malacca Securities underwriting the issue, investors will watch closely how Farmiera positions itself not just as another poultry company, but as a food security enabler tapping into the broader halal and agriculture agendas of Malaysia.
