Semico Capital debuts strongly on ACE Market with 80 pct jump on opening

KUALA LUMPUR (Jan 13): Semico Capital Bhd marked the first ACE Market listing on Bursa Malaysia in 2026 with a strong debut, opening at 45 sen, an 80 per cent premium over its issue price of 25 sen.

The family entertainment products provider and toys and collectables distributor recorded an opening volume of 23.48 million shares.

The listing followed an oversubscription rate of 28.1 times for its initial public offering (IPO), reflecting strong investor confidence in the group’s business operations and prospects.

Executive director and chief executive officer Tai Lee Chuen said the successful listing reflected the team’s dedication and the steady progress achieved over the years.

“With IPO proceeds of RM23.2 million, we are well positioned to accelerate our growth plans and pursue new opportunities within the family entertainment industry,” he said in a statement on Tuesday.

Tai noted that the family entertainment industry continues to benefit from evolving consumer lifestyles and a stronger focus on shared leisure experiences.

In line with this trend, Semico Capital plans to expand its arcade and amusement machine fleet, with proceeds allocated for the acquisition of 188 new machines and the replacement of 55 units, complementing the existing base of 650 machines nationwide.

The group also aims to broaden its toys and collectables portfolio by introducing new merchandise featuring popular intellectual property designs and characters, building on its current range of 68 brands.

“These initiatives will strengthen our customer engagement and ensure Semico Capital continues to deliver relevant and in-demand products within a growing Market,” he added.

From the RM23.2 million raised, RM8.5 million has been allocated for the purchase of new arcade and amusement machines, RM2.1 million for replacement of existing machines, RM2.5 million for toys and collectables, RM1.6 million for repayment of bank borrowings, and RM4.0 million for working capital.

The remaining RM4.5 million will be used to defray listing expenses.

Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO.