KUALA LUMPUR, MY / ACCESS Newswire / March 18, 2026 / Eckem Holdings Berhad ("Eckem Holdings", together with its proposed subsidiaries, the "Group"), a specialty industrial chemical solutions provider in Malaysia, which also undertakes the manufacturing and trading of rubber products, is pleased to announce that it had obtained approval from Bursa Malaysia Securities Berhad ("Bursa Securities") for its proposed listing on the ACE Market of Bursa Securities. The approval represents an important milestone for the Group as it progresses with its Initial Public Offering ("IPO") exercise, which is expected to strengthen Eckem Holdings' operational infrastructure and support its long-term growth within Malaysia's specialty industrial chemicals sector.

Eckem Holdings Berhad

The Group is principally involved in the distribution, sales and application formulation of specialty industrial chemical products, which forms the core of its business and contribute the majority of its revenue. The Group is also involved in the manufacturing and trading of rubber products comprising personal care and lifestyle products. Over the years, Eckem Holdings has built a proven track record by consistently delivering high-quality products and maintaining reliable delivery schedules for its customers.

The proposed IPO comprises a public issue of 125.00 million new shares and an offer for sale of 62.50 million existing shares, structured as follows:

Public Issue

Malaysian Public:

31.25 million new shares or 5.00% of the Group's enlarged issued share capital, with 2.50% made available to public investors and the remaining 2.50% are made available to Bumiputera public investors.

Eligible Persons:

31.25 million new shares or 5.00% of the Group's enlarged issued share capital will be allocated to eligible director(s) and employee(s) of the Group through pink form allocations.

Private Placement to Bumiputera Investors approved by the Ministry of Investment, Trade and Industry ("MITI"):

15.63 million new shares or 2.50% of the Group's enlarged issued share capital are reserved for private placement to Bumiputera investors approved by the MITI.

Private Placement to Selected Investors:

46.88 million new shares or 7.50% of the Group's enlarged issued share capital will be placed to selected investors.

Offer for sale

Offer for sale of 62.50 million existing shares or 10.00% of the Group's enlarged issued share capital by way of private placement to Bumiputera investors approved by the MITI.

Mr. Tan Khai Jeik (Jack Tan), Executive Director of Eckem Holdings Berhad,said, "Receiving Bursa Securities' approval marks an important step in Eckem Holdings' journey towards becoming a publicly listed company. Since establishment, we have built a solid foundation as a specialty industrial chemical solutions provider. This IPO will allow us to strengthen our operational capabilities, expand our infrastructure and position Eckem Holdings for the next phase of growth."

As outlined in the prospectus, the IPO proceeds will primarily be utilised for the construction of a new corporate office, warehouse and laboratory, as well as the expansion of a new production line for the Group's rubber products segment. A portion of the proceeds will also be allocated towards the repayment of bank borrowings and working capital requirements, while the remainder will be used to defray estimated listing expenses. These initiatives are expected to strengthen Eckem Holdings' operational infrastructure and support its continued growth.

M & A Securities Sdn Bhd is the Principal Adviser, Sponsor, Underwriter and Placement Agent for this IPO.

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ABOUT ECKEM HOLDINGS BERHAD

Based in Malaysia, Eckem Holdings Berhad ("Eckem Holdings", together with its proposed subsidiaries, the "Group") is principally involved in the distribution, sales and application formulation of specialty industrial chemical products, serving downstream industrial users in the manufacturing segment, compounders and resellers. The Group also undertakes the manufacturing and trading of rubber products, comprising personal care and lifestyle products. Since the establishment of Eckem Sdn Bhd in 2007, Eckem Holdings has built a strong reputation for delivering customised specialty industrial chemical solutions, reliable supply and technical support that enhance customers' production processes. Moving forward, the Group aims to strengthen its operational capabilities and expand its market presence to support the growing demand for specialty industrial chemical products within Malaysia's industrial ecosystem.

For more information, visit www.eckem.com.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Eckem Holdings Berhad

For more information, please contact:

Jazmin Wan
Email: j.wan@swanconsultancy.biz

Mandy Tan
Email: m.tan@swanconsultancy.biz

SOURCE: Eckem Holdings Berhad