PETALING JAYA: MTT Shipping and Logistics Bhd (MTTSL) has obtained approval from the Securities Commission Malaysia for its proposed listing on the Main Market of Bursa Malaysia Securities.
The group is a maritime logistics provider primarily involved in container liner shipping services, vessel chartering as well as container storage and other container-related services.
It is a domestic container liner shipping operator based on its market share of cabotage volume from Peninsular Malaysia to East Malaysia and Brunei in 2024 and the six months ended June 30, 2025, and has an established and growing regional footprint across Southeast Asia and the Far East-India subcontinent.
Furthermore, MTTSL owns the largest fleet of Malaysia-flagged containerships with an average age of 6.7 years, the youngest fleet among Malaysian operators, as at Sept 1, 2025.
In conjunction with its proposed listing, MTTSL’s initial public offering (IPO) will consist of an institutional and retail offering totalling 633.5 million new ordinary shares.
There will be no offer for sale of existing ordinary shares under the proposed IPO and all funds raised under the IPO will accrue totally to the group.
Subject to the clawback and reallocation provisions and the over-allotment options as set out in the draft prospectus exposure, 312.5 million shares will be reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti), 258.5 million shares will be allocated to Malaysian institutional and selected investors (other than Bumiputera investors approved by Miti) and foreign institutional and selected investors outside the United States in reliance on Regulation S under the United States Securities Act of 1933, with another 12.5 million shares being earmarked for directors of MTTSL, employees of the group and persons who have contributed to the success of the group, who are eligible to participate in the retail offering. The remaining 50 million shares will be offered to the Malaysian public via balloting.
MTTSL managing director Ooi Lean Hin said, “Following this approval, we are truly excited to set sail on our maiden voyage as we delve into the next phase of our corporate journey. The proposed IPO is expected to serve as a key enabler for the long-term growth of MTTSL. As part of our strategic endeavours, we intend to expand our service network in Southeast Asia, Indian subcontinent and China through the acquisition of additional container vessels with various capabilities to capitalise on the growth in cargo volumes driven by supply chain realignment and production relocation.
“We are also focusing on the development of our integrated freight facilities to spur our domestic sector growth within East Malaysia by addressing infrastructure gaps, as well as building logistics capacity, to support the growth between West to East Malaysia and the growth of the region. We are deeply committed to bringing MTTSL to new heights and delivering value to all of our stakeholders.”
CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter for the IPO. CLSA Ltd and CLSA Securities Malaysia Sdn Bhd are the joint global coordinators and joint bookrunners, while Affin Hwang Investment Bank Bhd is the joint bookrunner and joint underwriter.
