10/04/2026

FRIDAY | APR 10, 2026

15

BIZ & FINANCE

Inspace, TA Securities ink ACE IPO deal

o Exercise combines 68.5m new shares with 29.3m shares from existing holders

Creation maintains an outstanding unbilled order book of RM21.22 million from its provision of the interior fitting-out services. The positive outlook for the interior fitting-out industry in Malaysia further supports the group’s growth trajectory, with the value of work done for building completion and finishing works forecast to rise from RM2 billion in 2024 to RM2.7 billion in 2027, representing a CAGR of 10.5%. This growth is supported by sustained demand for corporate workspace efficiency, the expansion of commercial property transactions, and continued foreign and domestic investment in Malaysia’s services sector. TA Securities Holdings Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO.

million shares or 11.25% of the enlarged issued share capital are reserved for private placement to selected investors. Offer for sale of 29.3 million existing shares or 7.93% of the enlarged issued share capital by way of private placement to selected investors. Executive director Wong Chong Siong remarked, “The signing of this underwriting agreement represents another important milestone in Inspace Creation’s journey towards becoming a listed company. Our IPO will provide the necessary financial resources to strengthen our position and enable us to undertake more projects or projects of higher value. This strategic move supports our expansion into new commercial segments and regional markets beyond the Klang Valley.” As at July 28, 2025, Inspace

and various prominent commercial hubs across Selangor and Kuala Lumpur. Inspace Creation’s IPO will involve the issuance of 68.5 million new ordinary shares, representing approximately 18.55% of the enlarged issued share capital of 369.3 million ordinary shares. This will be accompanied by an offer for sale of 29.3 million existing shares, representing approximately 7.93% of the enlarged issued share capital. The allocation of IPO shares is structured as 18.47 million shares or 5% of the enlarged issued share capital will be made available for application by the Malaysian public; 8.5 million shares or 2.3% of the enlarged issued share capital will be allocated to eligible directors, employees, and other persons who have contributed to the success of the group, and 41.53

KUALA LUMPUR: Inspace Creation Bhd, a provider of comprehensive interior fitting-out services, has signed an underwriting agreement with TA Securities Holdings Bhd to underwrite a total of 26.97 million new shares in preparation for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd. With over eight years of operational track record in the interior fitting-out industry, Inspace Creation has established itself as a provider of comprehensive solutions for commercial office properties. In a statement yesterday, the group

said its expertise spans the entire project lifecycle including project planning and management, design conceptualisation and build, as well as post-completion maintenance. Through its subsidiary IDPM Sdn Bhd, the group holds a Grade 7 registration with the Construction Industry Development Board, allowing it to undertake projects of unlimited contract value throughout Malaysia. Inspace Creation has successfully delivered more than 100 projects to date, totalling approximately RM150 million in contract value. Its portfolio includes notable fit-outs at the Tun Razak Exchange (TRX), Bukit Bintang,

Golden Destinations’ IPO oversubscribed by 2.10 times KUALA LUMPUR: Golden Destinations Group Bhd, a full-service outbound travel experience curator, which is set to debut on the ACE Market of Bursa Malaysia Securities Bhd on April 16, announced that the company’s share allocation to the Malaysian public from its initial public offering (IPO) has been oversubscribed by 2.10 times.

EPB proposed for main market transfer listing KUALA LUMPUR: EPB Group Bhd and its group of companies, an established one-stop food processing and packaging machinery solutions provider, has proposed a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd, marking a significant milestone in the company’s corporate evolution. In conjunction with the proposed transfer, the company has also announced that it will undertake proposed amendments to its constitution to align with the Main Market Listing requirements. The proposed amendments are primarily technical in nature and are intended to align the company’s constitution with the main market listing requirements of Bursa Securities, in preparation for the proposed transfer. These include updates to definitions within the constitution such as references to the applicable listing requirements framework, as well as refinements to governance-related provisions in line with main market standards. In addition, the amendments introduce enhancements to corporate governance practices including provisions relating to the tenure of independent directors, where continued service beyond nine years is subject to a maximum of 12 years, subject to shareholders’ approval via a two tier voting process, in accordance with the Malaysian Code on Corporate Governance.

Golden Destinations’ IPO comprises a public issue of 200 million new ordinary shares (Issue Shares), which were made available for application in the following manner – 50 million Issue Shares made available for application by the Malaysian public (of which 25 million Issue Shares are set aside for Bumiputera investors under the balloting process); 35 million Issue Shares reserved for eligible directors and employees as well as persons who have contributed to the success of the company and its subsidiaries (Eligible Persons); 90 million Issue Shares by way of private placement to identified institutional and/or selected investors; and 25 million Issue Shares by way of private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry, Malaysia. The company received a total of 3,444 applications for 154,890,300 Issue Shares worth approximately RM69.7 million from the Malaysian public, representing an

reflects investors’ confidence in Golden Destinations’ business model and long-term growth prospects. The encouraging support from the investment community further strengthens our commitment to expand our curated travel offerings, reinforce our operational platform and continue delivering high-quality travel experiences through our extensive network of travel partners.” UOB Kay Hian (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent in conjunction with the IPO.

oversubscription rate of 2.10 times. Meanwhile, the 35 million Issue Shares made available for application by the Eligible Persons have been fully subscribed. Under the private placement to identified institutional and/or selected investors comprising 90 million Issue Shares, the Placement Agent has confirmed that the placement tranche has been fully placed out. Golden Destinations Group Bhd managing director Mita Lim said, “We are truly encouraged by the response to our IPO, which

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