01/08/2026

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BIZ & FINANCE SATURDAY | AUG 1, 2026

KUALA LUMPUR: SDS Group Bhd is seeking shareholders’ approval to acquire 7.54ha of land in Johor from Kempas Green Development Sdn Bhd for RM101.7 million. In a circular filed with Bursa Malaysia yesterday, SDS Group said the acquisition will be carried out by its wholly owned subsidiary London Bakery Sdn Bhd. SDS Group in the filing said the acquisition is part of the group’s long term plan to expand its production capacity, strengthen earnings growth and improve its market position. The property, located directly opposite the group’s existing facilities, will allow the company to integrate operations more efficiently, reduce logistics costs and maximise the use of shared resources. SDS Group plans to build a new manufacturing facility on the site, complete with dedicated production lines, machinery and equipment to support the production and packaging of its products as the business expands. The acquisition will be funded mainly through bank borrowings, with the remaining amount coming from SDS Group’s internally generated funds.

SDS Group seeks shareholder approval for land purchase

o Plans to acquire 7.54ha site in Johor for RM101.7m to build integrated production facility

functions, and improve coordination between production and packaging operations. SDS Group expects the expanded manufacturing capacity and improved operational efficiency to contribute positively to its future earnings. The acquisition will not affect SDS Group’s issued share capital or the shareholdings of its major shareholders as the transaction does not involve the issuance of any new shares. SDS Group will hold an extraordinary general meeting on Aug 28 to seek shareholders’ votes on the acquisition. The meeting will take place after the conclusion of the company’s 9th annual general meeting scheduled for the same day.

The group aims to start the development within five years after receiving shareholders’ approval, subject to land zoning conversion and obtaining the necessary approvals. The timeline will depend on the group’s long-term operational needs and expansion plans. The group is currently studying the project’s feasibility, including the facility design and construction costs. The acquisition is also expected to bring operational benefits as the new property is located close to the group’s existing facility in Johor Bahru. This will help improve logistics efficiency, reduce transportation costs, enable shared resources such as warehousing and support

plans to begin the development within five years after receiving shareholders’ approval, or at a later date deemed appropriate by the board. The development will be subject to the completion of the land zoning conversion process and obtaining all necessary regulatory approvals. SDS Group’s filing on Bursa Malaysia said the development is expected to increase the group’s production capacity and support its business expansion plans.

The group plans to finance about 85% of the purchase price through loans, while the balance will be paid using its own funds. However, the final funding structure may change depending on financing terms, cash flow needs and the group’s gearing position, the filing noted. As at March 31, 2026, SDS Group had cash and bank balances of about RM30.81 million and total bank borrowings of approximately RM3.3 million. Further, the filing said SDS Group

M&A Securities to underwrite 56m new shares in Butterfield FB’s IPO KUALA LUMPUR: Manufacturer of coffee and tea extract powder blends Butterfield FB Bhd (BFB) inked an underwriting agreement with M&A Securities Sdn Bhd for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia. Lee said the funds raised through the IPO will be mainly allocated to expand production and storage capacity at its Bukit Minyak premises, including the installation of a new manufacturing line.

Butterfield FB manufactures coffee extract powder blends and tea extract powder blends, providing customers with end-to-end solutions from formulation and manufacturing to distribution. The group also sells and trades food ingredients and instant beverage premixes. Its customers include instant beverage premix manufacturers, ready-to-drink beverage producers, functional F&B manufacturers and confectionery manufacturers. Malaysia and Thailand are the group’s largest revenue contributors. Butterfield FB’s IPO exercise comprises a public issuance of 150 million shares, representing 18.8% of its enlarged share capital, as well as an offer for sale of 72 million shares, or 9% of its enlarged share

Butterfield FB executive director and CEO Lee Mong Khai said the signing of the underwriting agreement with M&A Securities brings the group one step closer to its upcoming IPO on the ACE Market of Bursa Malaysia. “This milestone marks the beginning of a new chapter, focusing on driving growth and strengthening our market presence. “We believe the group is well positioned to benefit from growing demand for convenient beverage solutions. As F&B manufacturers introduce more products such as instant beverage premixes and ready-to-drink drinks, demand for customised coffee and tea extract powder blends is expected to rise, supporting our expansion and long-term growth,”he said.

From left: Butterfield FB Bhd executive directors Lee Chan Hua and Yeap Chin Loon, Lee, non-independent non-executive deputy chairman Yeap Kim Siew, M&A Equity Holdings Bhd managing director Datuk Bill Tan Choon Peow, M&A Securities Sdn Bhd head of corporate finance Gary Ting Hua Tai, deputy head of corporate finance Rachel Ho Seow Leng, and associate director of corporate finance Lim Yin Jean.

while the remaining 94 million shares will go towards private placements to Bumiputera investors approved by Miti. M&A Securities will underwrite 56 million new shares.

40 million shares will be made available to the Malaysian Public via balloting, 16 million shares to its eligible directors, employees and persons who have contributed to the success of the group,

capital, via private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti) and selected investors. Out of the 150 million new shares,

Education retains its importance in the Malaysian landscape for parents, students and stakeholders. The changes are fast paced with new developments in new fields of study such as cybersecurity, data protection, augmented and virtual reality, machine learning in education, digital education and artificial Intelligence. Leading the way are universities, who are invited to showcase their latest programmes, curriculum and content in our Education Focus for 2026.

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