SBH Marine Holdings debuts on Bursa Malaysia ACE Market

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SBH Marine Holdings,Bursa Malaysia,ACE Market

SBH Marine Holdings Bhd has made its debut on the ACE Market of Bursa Malaysia Securities, opening at a 15.9% premium over its IPO issue price. The company raised RM39.6 million through its public issue of new ordinary shares.

From left: Wyncorp Advisory Sdn Bhd managing director Wong Yoke Nyen, Saw, SBH Marine Holdings deputy managing directors Tan Yuak Kwang and Tan Yuak Ming, group managing director Tan Boo Nam, Perak chief minister Datuk Seri Saarani Mohamad, SBH Marine chairman Mohd Salim Dulatti, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar, KAF Investment Bank Bhd CEO Rohaizad Ismail, deputy CEO Thariq Ahmad, Perak State Agricultural Development Corp CEO Datuk Yahanis Yahaya and Bursa Malaysia CEO Datuk...

SBH Marine is a vertically integrated frozen seafood specialist that specialises in processing frozen seafood with a focus on shrimps and cephalopods. “Therefore we are quite safe if the currency drops in future. We actually earn more right now than when the ringgit was stronger,” he told reporters at a press conference, after SBH Marine’s listing ceremony.

“This shows that people are now looking for healthier protein choices, especially in marine protein ... Therefore, moving forward we are very optimistic ,” he said. “We are targeting the premium priced products, we are placed in the premium market, so that we are not in competition with our neighbouring countries. This allows us to get better margins and we also need to ensure that our products are consistently premium,” he stated.

 

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