- New issue of 122.50 million new shares representing 25.0% of the enlarged issued share capital
- M & A Securities Sdn Bhd (“M&A Securities”) to underwrite 24.50 million new shares to be made available for application by the Malaysian public and 17.15 million new shares to be made available for application by the eligible directors, employees and persons who have contributed to the success of SBS Nexus Berhad (“SBS Nexus” or the “Company”) and its subsidiaries (collectively referred as “SBS Nexus Group”) (“Eligible Persons”)
Kuala Lumpur, Malaysia, 25 November 2025 – SBS Nexus has entered into an underwriting agreement with M&A Securities for the underwriting of 41.65 million new shares made available to the Malaysian public and Eligible Persons under pink form allocations. M&A Securities serves as the Principal Adviser, Sponsor, Underwriter and Placement Agent for the listing of SBS Nexus’s entire enlarged issued share capital of 490.0 million ordinary shares on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
SBS Nexus is principally an investment holding company. Through its subsidiaries, SBS Nexus Group is a branding and marketing solutions specialist, principally involved in the provision of offline branding solutions and digital branding solutions. SBS Nexus’s IPO entails the public offering of 171.50 million ordinary shares comprising a public issue of 122.50 million new shares (“Issue Shares”) and an offer for sale of 49.00 million existing shares (“Offer Shares”) which collectively represent 35.0% of the SBS Nexus Group’s enlarged issued share capital of 490.00 million ordinary shares.
Of the 122.50 million Issue Shares, 24.50 million Issue Shares will be made available for application by the Malaysian public; 17.15 million Issue Shares will be made available for application by Eligible Persons; 61.25 million Issue Shares made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”); and 19.60 million Issue Shares will be allocated for private placement to selected investors. There is also an offer for sale of 49.00 million Offer Shares will be allocated for private placement to selected investors.
The proceeds from the IPO have been earmarked for the establishment of the new headquarters through the relocation to a larger office in anticipation of our business expansion; for penetrating into the Malay speaking SME community; for undertaking additional branding and marketing activities; and for expanding the mobile application, web based application and website development business. The balance of the proceeds will be used to defray estimated listing expenses.
SBS Nexus has recorded strong financial growth, with revenue increased from RM11.60 million for financial year ended 31 December 2022 (“FYE 2022”) to RM29.92 million in financial year ended 31 December 2024 (“FYE 2024”) and its profit after tax grew from RM1.58 million in FYE 2022 to RM7.60 million in FYE 2024, grew at a compounded annual growth rate of 219% per annum.
SBS Nexus’s Managing Director cum Chief Executive Officer, Mr Wong Chun Mun, commented, “The signing of the underwriting agreement with M&A Securities not only reinforces their confidence in us but also takes us a step closer to our IPO journey to become an ACE Market public listed company. This comes at an opportune time as we are ready to take advantage of the vast opportunities and vibrancy in the branding and marketing industry in Malaysia.”
“We offer an extensive range of services as a one-stop branding and marketing solutions provider for local businesses and entrepreneurs in various stages of their business lifecycle. One of our key unique competitiveness is we are capable to propose and cross-sell different branding and marketing solutions to our customers to create a seamless and cohesive branding strategy for them. The wide range of service offerings provided by us catering to prevalent consumer trend and ever-changing market demand is expected to support the continued growth of SBS Nexus Group.”
“In addition, our house brand ‘ShangHai’ is a reputable brand that drives the recognition of our services and differentiate ourselves from other competitors. Since 2017, we have leveraged on the brand image and reputation of the ‘ShangHai’ brand to provide digital broadcast services and offline publication. We have also successfully leveraged on the long-established history and reputation of ‘ShangHai’ brand to host our business awards and recognition events, as well as networking events amongst the Mandarin-speaking SME community in Malaysia.”
Mr Wong Chun Mun, Managing Director cum Chief Executive Officer of SBS Nexus signed the underwriting agreement on behalf of SBS Nexus Berhad, while M&A Securities Sdn Bhd was represented by M&A Equity Holdings Berhad Managing Director, Datuk Bill Tan.
INFORMATION ON SBS NEXUS BERHAD
The Company is an investment holding company, while its subsidiaries, namely SBS Digital Holdings Sdn Bhd, SBS Digital Media Sdn Bhd, SBS Events Sdn Bhd, SBS Media Tech Sdn Bhd, SBS Social Sdn Bhd and Shanghai Media Sdn Bhd are principally involved in the provision of offline branding solutions and digital branding solutions. We are a branding and marketing solution specialist. Our solutions are aimed at amplifying our customers’ business visibility and is driven by our multi-channel marketing ecosystem.
We are providing offline branding solutions comprising out-of-home media services, public relations and event management, as well as offline publications; and digital branding solutions comprising online marketing services, digital broadcasts, video production, digital-out-of-home media and online media, as well as mobile and web-based applications, and website development.
As part of our marketing strategy, we organise and host business awards and recognition events, as well as networking events, as part of our business leads generation initiatives, from which we also derive revenue. These events enable us to generate business leads from potential customers (i.e. entrepreneurs, micro-SMEs, SMEs and corporations) and it also serves as a service that benefits our customers byproviding them a platform to drive branding and publicity.
With the wide range of services offered, we are positioned ourself as a one-stop solution provider of branding and marketing solutions for customers in various stages of business lifecycle. As early-stage businesses grow into SMEs and subsequently established businesses, our wide range of services can cater to the branding and marketing needs of businesses in their respective stage of business lifecycle. Additionally, we are able to propose and cross-sell different branding and marketing solutions to customers to create a seamless and cohesive branding strategy for our customers.