Tentative Date(s):

• Opening of application - 21 October 2024

• Closing of application - 28 October 2024

• Balloting of applications - 30 October 2024

• Allotment of IPO shares to successful applicants - 07 November 2024

• Listing on the Main Market - 11 November 2024

Company Background

The company was incorporated in Malaysia under the Companies Act 1965 and deemed registered under the Act on 9 April 1998 as a private limited company under the name of Regalcroft Sdn Bhd. The company changed its name to Bloxwich Security Products Sdn Bhd on 7 August 1998 and subsequently to Mega Fortris (Malaysia) Sdn Bhd on 18 July 2000. The company later changed its name to Mega Fortris Sdn Bhd on 8 August 2023. The company was subsequently converted into a public limited company on 31 January 2024 and assumed its present name of Mega Fortris Berhad to facilitate the Listing. The company is principally involved in investment holding, design and manufacturing of security seals, and trading of related products and services.

The company shareholders and Group structure as at the LPD are set out below:

Use of proceeds

1. Capital expenditures for:

• Establishment of a new UK Factory - 43.38% (within 36 months)

• New business venture in Macao - 45.42% (within 36 months)

2. Defray listing expenses - 11.20% (Immediate)

Capital expenditures

The company intends to allocate a total of approximately RM87.98 million or approximately 88.80% of its Public Issue proceeds to fund the capital expenditures relating to the establishment of a New UK Factory and new business venture in providing total solution in supplying and handling of playing cards in sealed security boxes in Macao.

The estimated gross proceeds to be utilised per annum for the capital expenditures are as follows:

• Establishment of a new UK Factory - 43.38% (within 36 months)

The company intends to utilise approximately RM42.98 million, representing approximately 43.38% of the gross proceeds to be raised from its Public Issue to set up the New UK Factory.

The operations of the New UK Factory will be undertaken by their subsidiary, namely Mega Fortris UK, and is to be implemented in three phases as set out below:

​

• New business venture in Macao - 45.42% (within 36 months)

The company intends to utilise approximately RM45.00 million, representing approximately 45.42% of the gross proceeds to be raised from its Public Issue to purchase, deliver, install and commission the second Playing Card Manufacturing Line in Macao.

Business Model

The company business model is as follows:

Click here to continue the IPO - Mega Fortris Berhad (Part 2)

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