Shah Alam, 26 January 2026 – MTT Shipping and Logistics Berhad has received approval from the Securities Commission Malaysia for its proposed listing on the Main Market of Bursa Malaysia Securities Berhad, marking a key milestone in the Group’s evolution as one of Malaysia’s leading domestic container liner shipping operators.
The approval paves the way for MTT Shipping and Logistics Berhad (“MTTSL”), together with its subsidiaries, to proceed with an initial public offering (IPO) that will fully channel fresh capital into the business, with no offer for sale of existing shares. The Group is primarily involved in container liner shipping services, vessel chartering, container storage and related logistics services, and commands the largest share of domestic cabotage container volumes between Peninsular Malaysia, East Malaysia and Brunei based on 2024 data and the six months ended 30 June 2025.
MTTSL has also built a growing regional presence across Southeast Asia and the Far East–Indian Subcontinent corridor, underpinned by what it describes as the largest fleet of Malaysian-flagged containerships, with an average vessel age of 6.7 years as at 1 September 2025, the youngest among Malaysian operators.
IPO Structure Anchored on Growth Capital
Under the proposed IPO, MTTSL plans to issue 633.5 million new ordinary shares, with all proceeds accruing entirely to the Group. Subject to clawback, reallocation and over-allotment provisions, 312.5 million shares will be reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI), while 258.5 million shares will be allocated to Malaysian institutional and selected investors, as well as foreign institutional and selected investors outside the United States under Regulation S.
A further 12.5 million shares will be set aside for directors, employees and contributors to the Group’s success, with the remaining 50.0 million shares offered to the Malaysian public via balloting.
The structure reflects MTTSL’s intent to build a long-term institutional shareholder base, while also ensuring broad participation from domestic retail investors.
Strategic Focus: Fleet, Network and Domestic Logistics
MTTSL managing director Ooi Lean Hin said the SC approval represents the start of a new phase for the Group, positioning the IPO as a catalyst for long-term expansion. He highlighted plans to expand service coverage across Southeast Asia, the Indian subcontinent and China, supported by the acquisition of additional container vessels with varying capabilities to capture cargo growth arising from supply chain realignment and production relocation trends.
On the domestic front, the Group is also prioritising the development of integrated freight facilities, particularly in East Malaysia, to address infrastructure gaps, enhance logistics capacity and support rising trade flows between West and East Malaysia.
Banking Consortium and Advisors
The IPO is being advised and led by CIMB Investment Bank Berhad as principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter. CLSA Limited and CLSA Securities Malaysia Sdn Bhd are acting as joint global coordinators and joint bookrunners, while Affin Hwang Investment Bank Berhad serves as joint bookrunner and joint underwriter.
With regulatory approval secured and a growth-focused capital structure in place, MTTSL’s proposed Main Market listing adds to a pipeline of logistics and infrastructure-related offerings tapping public markets as Malaysia’s trade and supply chain ecosystem continues to evolve.
