PETALING JAYA: Professional men’s doubles pair Goh Sze Fei-Nur Izzuddin Rumsani kept their World Tour Finals hopes alive after advancing to the semi-finals of the Japan Masters on Friday (Nov 14).
From left: Hong Chong Chet, Deputy Chief Executive Officer of LAC Med; Goh Teck Hong, Independent Non-Executive Director; Giam Teck Eng, Substantial Shareholder; Tommy Har, Executive Director, Co-Head, Corporate Finance of RHB Investment Bank; Liew Yoon Poh, Group Chief Executive Officer of LAC Med; Alex Liew Yoon Kit, Non-Independent Non-Executive Chairman; Teoh Chu Lin, Group Chief Corporate and Institutional Banking Officer of Alliance Bank Malaysia; Chan Yue Mun, Non-Independent Non-Executive Director of LAC Med; Datuk Ng Wan Peng, Senior Independent Non-Executive Director; Lim Su May, Independent Non-Executive Director; Thean Yain Peng, Chief Financial Officer KUALA LUMPUR: LAC Med Bhd, a medical devices and integrated solutions provider, aims to raise RM55.
6 million from its initial public offering ahead of its listing on the Main Market of Bursa Malaysia Securities Bhd on Dec 10, 2025. The company said the proceeds will be utilised to support the groups’ plan to strengthen its domestic presence through new business segments and expand its footprint in Indonesia. Of the total proceeds, RM8 million will be utilised for the group’s regional expansion into Indonesia, and RM12 million will be used to set up a new head office and warehouse, featuring an expanded storage facility and showroom. Another RM8 million has been allocated for two new business segments – equipment-as-a-service and medical devices asset management services , RM16 million has been set aside for repayment of bank borrowings, RM6.1 million for working capital, and the remaining RM5.5 million for listing expenses. Speaking at the prospectus launch today, LAC Med group chief executive officer Liew Yoon Poh said the company is hiring local Indonesian talent to grow the business, in its aim to replicate in Indonesia the success it has achieved in Malaysia. “The aspiration is to replicate what we have built here in Malaysia and achieve a sizeable scale in Indonesia. In the initial phase, will be on establishing the right people and talent, so we can stabilise operations before expanding too quickly. “The infrastructure and resources must also be in place to support growth because we do not want where the products are ready, but the infrastructure is not,” he said. Liew added that the company’s asset management services will incorporate artificial intelligence capabilities, in line with its innovation roadmap. Meanwhile, LAC Med’s IPO entails a total of 104.2 million ordinary shares at an issue price of 75 sen a share, comprising a public issue of 74.2 million new ordinary shares and an offer for sale of up to 30 million existing ordinary shares. Under the public issue, 50 million shares will be placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry , 20 million shares will be allocated for Malaysian public through balloting, of which 50 per cent will be set aside for Bumiputera investors, and the remaining 4.2 million shares will be made available for eligible directors, employees and individuals who have contributed to the group’s success. The offer for sale of 30 million shares will be allocated to institutional and selected investors via private placement. The company’s enlarged share capital upon the listing will comprise 400 million shares and an enlarged indicative market capitalisation of RM300 million.RHB Investment Bank Bhd is the principal adviser, joint underwriter, and sole placement agent for the IPO while Alliance Islamic Bank Bhd is the joint underwriter.Follow us on our official
LAC Med ACE Market IPO Bursa Malaysia
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