Life Water appoints MIDF Investment as underwriter, principal adviser for its IPO

Life Water Bhd, a local beverage manufacturer yesterday entered into an underwriting agreement with MIDF Amanah Investment Bank Bhd for the company’s initial public offering on the Main Market of Bursa Malaysia Securities Bhd .

Headquartered in Sandakan, Life Water also operates production facilities in both Sandakan and Kota Kinabalu, with strategically located distribution centres in Sandakan, Kota Kinabalu and Lahad Datu to ensure efficient delivery across the region. The company also plans to enhance its existing plastic packaging facilities in Kota Kinabalu with KK IZ8 Plant 1 to be converted into a dedicated plastic packaging manufacturing plant to support its beverage operations. Furthermore, Life Water plans to set up a second distribution centre in Sandakan, with a depot for its delivery truck fleet, as the current warehousing space is fully utilised.

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