KUALA LUMPUR, 10 September 2025 — Petaling Jaya–based interior fit-out specialist Inspace Creation Bhd has taken a key step toward going public, filing a draft prospectus with Bursa Malaysia to list on the ACE Market. The company plans to offer a combined 26.48% equity stake, consisting of both new and existing shares, while tapping capital to expand operations and reduce debt.
Under the IPO structure, Inspace will issue 68.5 million new shares—equivalent to an 18.55% stake—while existing shareholders will sell 97.8 million shares, accounting for another 7.93% of equity. The new tranche will be distributed through a public issue, including 18.5 million shares allocated to the general Malaysian public via balloting, 8.5 million reserved for eligible individuals, and the remainder offered to selected investors. The offer price has not yet been finalized.
Large-scale shareholders are set to reduce their holdings post-IPO. Wong Chong Siong, holding 25% directly and a controlling 75% stake via Conceptual Holdings, will see his direct interest drop to 14.14%, while Conceptual’s share lowers to 59.38%.
Inspace will direct the capital raised toward strategic growth initiatives, including the development of new storage facilities and a mock-up showroom for furniture and fittings. Funds will also support working capital and the repayment of bank borrowings, signalling the company’s ambition to enhance operational capacity and financial flexibility.
As of 28 July, Inspace’s order book stood at RM21.2 million, which the company expects to translate into revenue over the coming three to six months. For the financial year ending 31 December 2024, the firm posted a profit after tax of RM7.05 million, generated from RM57.75 million in revenue.
TA Securities has been appointed as principal adviser, sponsor, underwriter, and placement agent for the transaction.
