Body Shop Malaysia and Vietnam operator to list
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The retailer and distributor of The Body Shop products in Malaysia since 1984 has yet to fix the issue price and the opening and closing dates of the IPO. But local news reports have suggested the IPO may raise up to MYR200 million (US$48.6 million).
InNature has indicated plans to use any IPO proceeds for capital expenditure, working capital and new business development.
The firm has 89 locations in Malaysia and 26 in Vietnam, including online platforms. It plans to enter Cambodia later this year.
Questions & Answers
Q.What will InNature do with the money raised from its initial public offering?
What will InNature do with the money raised from its initial public offering?
The firm intends to use any proceeds from the IPO for capital expenditure, working capital, and the development of new business ventures. This strategy aims to support the company's growth and operational needs.
Q.How many retail locations does InNature currently operate across its two main markets?
How many retail locations does InNature currently operate across its two main markets?
InNature presently operates 89 locations in Malaysia, where it has been a retailer and distributor since 1984. Also, it has 26 locations within Vietnam, bringing its total to 115 physical outlets.
Q.When does InNature plan to expand its business into Cambodia?
When does InNature plan to expand its business into Cambodia?
InNature has outlined plans to enter the Cambodian market later this year, expanding its presence beyond Malaysia and Vietnam. This move will mark a new regional expansion for the Body Shop operator.
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