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Based in Johor, the company is involved in the retail, wholesale, and project sales of tiles and stone surfaces, including porcelain and ceramic tiles, natural and engineered stones, and mosaic tiles. BMS Holdings also supplies complementary bathware and kitchenware products.
BMS Holdings intends to use 42.8% or RM34.3 million of the proceeds to expand its retail and distribution network, which includes establishing new showrooms in Seremban, Selangor and Kuala Lumpur, as well as a new distribution centre in the Klang Valley.
This expansion are key to meeting rising demand in Australia while reinforcing Polymer Link’s long-term growth trajectory, RM0.32 Fair Value Ahead Of IPO
BMS Holdings Berhad Sets To Raise RM80.08 Million From Ace Market IPO Exercise
The IPO will comprise a public issue of 364.00 million new shares ("Issue Shares") and an offer for sale of 156.00 million existing shares ("Offer Shares"), collectively representing approximately 33.77% of BMS Holdings' enlarged number of issued shares of 1.54 billion upon listing.
Based on the IPO price of RM0.22 per share and its enlarged number of issued shares of 1.54 billion, BMS Holdings' market capitalisation upon listing will be approximately RM338.80 million.
For the remaining half of FY2025, NCT Alliance expects its launch pipeline to boost revenue. Upcoming launches include Phase 1 of its maiden development in Sabah, Ion Borneo Garden, Phase 3 of Ion Belian Garden and Ion Marina Bay.
Advancecon Holdings Bhd (ADVCON) has secured a RM36.1m contract from Sime Darby Property for earthworks and infrastructure works at Serenia City in Dengkil, Sepang.
The project is part of ongoing development works in a major township in the Southern Klang Valley corridor, master-planned by Sime Darby Property as the "Garden City of KLIA" and shall be commencing from Oct 28, 2025 until April 27, 2027.