The Body Shop Malaysia franchisee plans IPO
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Rampai-Niaga, The Body Shop Malaysia franchisee, is planning an IPO that could raise RM200 million (US$48 million). The company is considering submitting a listing application to the local securities regulator shortly, targeting a presence on Bursa Malaysia by the second quarter of next year at the earliest, according to a source close to the firm. As yet, the company has refrained from commenting on the proposal.
The company’s website says Rampai-Niaga is the sole franchisee for The Body Shop Malaysia. It opened the beauty products brand’s first outlet in the country in 1984.
Questions & Answers
Q.Which company is planning this IPO and what is its business activity?
Which company is planning this IPO and what is its business activity?
Rampai-Niaga, the sole franchisee for The Body Shop Malaysia, is planning the IPO. The company operates outlets selling beauty products across Malaysia.
Q.What is the targeted value of the IPO?
What is the targeted value of the IPO?
The IPO aims to raise RM200 million, which is equivalent to US$48 million. This capital would be raised through the planned listing on Bursa Malaysia.
Q.When could the IPO potentially take place?
When could the IPO potentially take place?
The company is targeting a presence on Bursa Malaysia by the second quarter of next year at the earliest. A listing application may be submitted to the local securities regulator shortly.
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