1 Doc International files for Main Market listing to fund regional expansion

KUCHING (Jan 19): 1 Doc International Bhd, which operates a multi-brand chain of beauty care centres in Malaysia and Singapore, has filed for a listing on the Main Market of Bursa Malaysia to raise funds for expansion.

In its prospectus exposure filed recently, the Puchong-based company said it plans to open 23 additional beauty care centres across Peninsular Malaysia and East Malaysia, on top of its existing network of 53 centres nationwide.

Its services span body, facial and hair care, supported by the sale of beauty care and related products, with Malaysia being its principal market.

The company also plans to upgrade and refurbish its existing centres to improve image and ambience, with the aim of enhancing customer experience and attracting new customers.

In addition, it intends to expand storage capacity through the acquisition of additional premises in Selangor.

Beyond its core operations, 1 Doc International plans to enter the medical aesthetics segment by acquiring medical aesthetic clinics in Malaysia, leveraging its experience in beauty care services.

In Singapore, the company aims to establish eight new beauty care centres, acquire machinery to support these operations, and set up a regional office and warehouse facility.

The proposed initial public offering (IPO) will involve the public issue of 580.38 million new ordinary shares. This includes 341.4 million new shares under the public issue and up to 238.98 million existing shares under the offer for sale.

For the financial year ended 2024, the company recorded a profit after tax of RM97.05 million on revenue of RM346.96 million.

For the six-month financial period ended June 30, 2025, it posted a profit after tax of RM67.67 million on revenue of RM204.86 million.

RHB Investment Bank Bhd is the principal adviser for the IPO.