Core Viewpoint - Megan Holdings Limited is conducting a follow-on offering of 20,750,000 Class A ordinary shares at an offering price of US$0.40 per share, aiming to raise approximately US$8.3 million for business ventures, acquisitions, and product development [1][3]. Group 1: Offering Details - The offering is being conducted on a reasonable best-efforts basis with D. Boral Capital LLC as the exclusive placement agent [2]. - The expected closing date for the offering is around February 27, 2026, subject to customary closing conditions [2]. - There is no minimum offering amount required for the closing of the offering [2]. Group 2: Use of Proceeds - The company plans to use the net proceeds primarily for pursuing business ventures and potential acquisitions, supporting the development of new products like the Smart Farming System, and for general working capital and corporate purposes [3]. Group 3: Company Background - Megan Holdings Limited is based in Malaysia and focuses on the development, construction, and maintenance of aquaculture farms [6]. - Since its inception in 2020, the company has established itself as a provider of shrimp farm-related maintenance services and assists in the design and development of new farms [6]. - The company is involved in the development of a shrimp hatchery center and a 111-acre shrimp farm in Sabah, Malaysia, positioning itself as a one-stop center for aquaculture and agriculture needs [6].