SHAH ALAM, MY / ACCESS Newswire / July 3, 2026 / Eckem Holdings Berhad ("Eckem Holdings", together with its subsidiaries, the "Group"), a specialty industrial chemical solutions provider in Malaysia, which also undertakes the manufacturing and trading of rubber products, today marked its debut on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The Group's shares opened at RM0.12 per share, representing a stable start to its journey as a publicly listed company.
(From Left) Cik Nurizan Binti Jalil, Independent Non-Executive Director, Eckem Holdings Berhad; Ms. How Dai Koan, Independent Non-Executive Director, Eckem Holdings Berhad; Mr. Ng Moh Mang, Independent Non-Executive Chairman, Eckem Holdings Berhad; Mr. Tan Kwang Wah, Managing Director, Eckem Holdings Berhad; Mr. Jack Tan, Executive Director, Eckem Holdings Berhad; Datuk Bill Tan, Managing Director of Corporate Finance, M & A Securities Sdn Bhd; Mr. Danny Wong, Deputy Head of Corporate Finance, M & A Securities Sdn Bhd; Mr. Kok Kong Chin, Independent Non-Executive Director, Eckem Holdings Berhad
Eckem Holdings is listed under the stock name "ECKEM" and stock code "0463".
Founded in 2007, the Group has grown into an established specialty industrial chemical solutions provider in Malaysia. The Group is principally involved in the distribution, sales and application formulation of specialty industrial chemical products, offering a comprehensive portfolio of 310 specialty industrial chemical products, including resins, pigments, fillers and additives for various end user applications. In addition, the Group is involved in the manufacturing and trading of rubber products, serving manufacturers and traders in Malaysia and overseas. Its range of manufactured rubber products comprises dental dams, latex sheets, prophylactic (oral) dams, and exercise bands.
Through the initial public offering ("IPO"), Eckem Holdings raised RM15.00 million in gross proceeds from the issuance of 125.00 million new shares. The proceeds will be utilised as follows:
RM6.00 million for the construction of new corporate office, warehouse and laboratory to strengthen the Group's operational infrastructure.
RM2.00 million for the expansion of new production line for the rubber products segment to enhance manufacturing capabilities.
RM1.45 million for the repayment of bank borrowings to optimise the Group's capital structure.
RM1.75 million for working capital requirements to support the Group's ongoing business operations.
RM3.80 million for the defrayment of listing expenses associated with the IPO exercise.
The planned investments are expected to strengthen the Group's operational capabilities, enhance manufacturing efficiency within its rubber products segment and reinforce its ability to support customers with reliable supply and customised specialty industrial chemical solutions.
Mr. Tan Khai Jeik (Jack Tan), Executive Director of Eckem Holdings Berhad, said, "Today's listing marks an important milestone in Eckem Holdings' corporate journey. Over the years, we have built a strong foundation as a specialty industrial chemical solutions provider by delivering reliable supply, customised formulations and technical expertise to our customers. The funds raised through this IPO will allow us to strengthen our operational infrastructure, expand our rubber products production capabilities and further enhance our ability to support the evolving needs of Malaysia's manufacturing sector. As a listed company, we are committed to creating sustainable value for our customers, business partners and shareholders while pursuing long-term growth opportunities"
Datuk Bill Tan, Managing Director of M & A Securities Sdn Bhd, added, "Eckem Holdings' successful listing on the ACE Market reflects the Group's solid business fundamentals and growth potential within the specialty industrial chemicals sector. With its established customer relationships and technical expertise, Eckem Holdings is well-positioned to benefit from the continued development of Malaysia's industrial and manufacturing ecosystem. We are honoured to have supported the Group throughout its listing journey."
Backed by a stronger capital base following its listing, Eckem Holdings is well-positioned to strengthen its operational infrastructure, enhance its application formulation and technical capabilities, and expand its rubber products production capacity to better serve its customers while supporting future business growth . As Malaysia's manufacturing and industrial sectors continue to grow, the Group remains focused on delivering reliable, customised specialty industrial chemical solutions while pursuing sustainable long-term growth opportunities.
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 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:
Jazzmin Wan
Email: j.wan@swanconsultancy.biz
Mandy Tan
Email: m.tan@swanconsultancy.biz
SOURCE: Eckem Holdings Berhad
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/chemicals/eckem-holdings-berhad-debuts-on-ace-market-with-opening-price-of-rm0.12-per-share-1186355
