Company Description

Minox International Group Berhad (Minox) distributes stainless-steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under “MINOX” brand and other related products.

Company Background

Minox International Group Berhad (Minox) was incorporated on 18 July 2022 as a private limited liability company and domiciled in Malaysia. The principal place of business is located at 3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, 47100 Puchong, Selangor. On 16 December 2022, the Company was converted into a public limited liability company and assumed its current name of Minox International Group Berhad.

Principal activities are in the business of distribution of stainless steel sanitary valves, tube & fittings, installation components & equipment, rubber hoses under the "MINOX®" brand and other related products. The group operates in both the domestic and export markets across South East Asia, including Indonesia, Singapore, and Thailand.

Investment Highlight

• Regional presences across South East Asia (SEA) countries: Minox’s distribution channel covers the local market, as well as across SEA countries. The Group’s headquarters is in Malaysia, with regional offices in Indonesia, Singapore and Thailand, as well as representative agents in Taiwan, Philippines and Vietnam. Looking forward, we see more room for future growth, as Minox’s market share is only 1.7% from the huge Asia Pacific market size of USD615.3mn.

• Expanding into semiconductor industry: The Group will introduce new product lines that include unions, flange connections and ball valves to supply to the increasing usage of semiconductors from consumer electronic to Internet of Things (IoT) applications. This will be used in production lines of electronic components, solar cells, storage media and light-emitting diode manufacturing plants.

Revenue and Profitability

Revenue for the FYE 2019 to FYE 2022 periods was mainly derived from the sales of tubes & fittings and valves products, at more than 85.0% of Group’s total revenue. Revenue contributions, by geography and main products, for FYE2020 to FYE2022, FYE2023F and FYE2024F are as below:

Future Plans

In order to achieve sustainable growth, Minox will implement the following business strategies over the 36-month from the date of its listing:

• Expansion of product offerings for semiconductor industry: Minox intends to introduce different types of vacuum fittings and valves to expand the product offerings for the semiconductor industry.

• Construction of additional warehouse (Warehouse 4) in Malaysia: Minox intends to construct an additional warehouse to store inventories in Puchong, Selangor Malaysia.

IPO Allocation

For More information: https://pdf.ac/2FYlUM

(Source from Eco Asia Capital Advisory Sdn Bhd)