KUALA LUMPUR: Semico Capital Bhd, a provider of family entertainment products and services, as well as a wholesaler and distributor of toys and collectables, signed an underwriting agreement with Affin Hwang Investment Bank Bhd for its
upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.
Semico Capital executive director and CEO Tai Lee Chuen said the signing of this underwriting agreement with Affin Hwang marks a significant milestone for the group as it progress towards ACE Market listing.
“It sets the stage for our next phase of growth as we work to strengthen our market position and expand our reach to meet the evolving needs of customers nationwide,” he said in a statement.
The IPO exercise entails a public issue of 92.7 million shares, representing 25.7% of the enlarged issued share capital, as well as an offer for sale of 18.0 million shares, representing 5.0% of the enlarged issued share capital.
Of the 92.7 million shares, 18.0 million shares will be made available to the Malaysian public via balloting; 15.0 million shares to eligible directors, employees and business associates who have contributed to the group’s success; and the remaining 59.7 million shares will be made available through a private placement to selected investors.
Meanwhile, the 18.0 million shares will be offered in a private placement to selected investors.
Pursuant to the underwriting agreement, Affin Hwang has agreed to underwrite a
total of 33.0 million shares made available to the Malaysian public and pink
form allocation.
Semico Capital provides family entertainment products and services, including supplying arcade and amusement machines, operating a family entertainment centre at The Mines shopping centre in Selangor, and wholesaling and distributing toys and collectables.
Within the family entertainment segment, the group is the exclusive authorised distributor for game developers and machine manufacturers – Superwing
and Dreamfuns – and holds authorised distributorships for other brands such as ACE Amusement, UNIS and Jakar.
These collaborations underpin the group’s nationwide footprint, spanning customer stores across Malaysia and featuring its family entertainment offerings.
In the toys and collectables segment, the group caters to a broad range of customer
groups, including specialised convenience stores, hobbyist stores, toy stores, cinemas and family entertainment centres.
Semico Capital is the authorised distributor for Pop Mart and also distributes key brands such as Funism, Jotoys and ToyCity.
Its portfolio encompasses a wide range of toys and collectable brands and is available through retail outlets across Malaysia.
According to the Independent Market Report by Protégé Associates Sdn Bhd, Malaysia’s family entertainment centres and edutainment centres market is projected to reach RM1.93 billion by 2029, representing a compound annual growth rate of 9.5%.
This momentum is fuelled by sustained demand for leisure activities, bolstered by robust domestic tourism and continued government efforts to strengthen the tourism industry.
“Semico Capital was built on the belief that play enriches family moments and creates lasting memories, a belief that has shaped our journey to where we are today.
“Through this IPO, we aim to strengthen our arcade and amusement machines supply business while upgrading our existing machines to keep pace with evolving consumer preferences.
“In parallel, we intend to expand our toys and collectables portfolio to reach a wider customer base and expand our team to support our expected growth. As we move forward, we believe our customer-centric approach will continue to drive long-term growth as we embark on this exciting chapter,” Tai said.
Semico Capital is scheduled to be listed on the ACE Market of Bursa Malaysia by
January 2026.
Affin Hwang serves as the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO exercise.
