Group 1 - Megan Holdings Limited, a Malaysia-based company, is engaged in the development, construction, and maintenance of aquaculture farms and related works [6] - The company has priced its initial public offering (IPO) at US$4.00 per ordinary share, offering 1,250,000 shares, with an additional option for underwriters to purchase up to 187,500 shares [1][2] - The IPO is expected to generate gross proceeds of US$5 million, which will be allocated for sales and marketing, expansion through mergers and acquisitions, development of a "Smart Farming System," and general working capital [2] Group 2 - The offering is being conducted on a firm commitment basis, with D. Boral Capital LLC acting as the sole book-running manager [3] - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on September 22, 2025 [4] Group 3 - Since its inception in 2020, the company has positioned itself as a trusted provider of shrimp farm maintenance services in Malaysia, including the development of a shrimp hatchery center and a 111-acre shrimp farm [6]
Megan Holdings Limited Announces Pricing of $5 Million Initial Public Offering