Eco-Shop Marketing Bhd, among Malaysia’s fastest expanding and biggest value retail chains, is gearing up to go public on Bursa Malaysia, marking what is expected to be the largest IPO in the country in 2025 with a valuation of MYR 7 billion (USD 1.6 billion). The company plans to capitalize on the fast-growing yet still emerging dollar store sector, fueled by rising consumer demand for budget-friendly and convenient shopping options.
Through the IPO, Eco-Shop plans to offer up to 347 million new shares to retail investors and 515 million existing shares to institutional investors at MYR 1.21 (USD 0.28) per share, raising MYR 1 billion (USD 230 million) in total. The funds raised will strengthen the company’s financial position and support its growth plans, including accelerating store openings, enhancing distribution networks, and investing in technology to better serve Malaysia’s expanding value retail sector.
Currently operating 358 stores nationwide, including 22 under its Eco-Plus format, Eco-Shop intends to open around 70 new outlets annually over the next five years. The expansion will focus on suburban and rural areas to reach underserved customers. Since its founding in 2003, Eco-Shop has secured a leading position in Malaysia’s dollar store segment by offering a wide range of third-party and private-label products at affordable prices, appealing to value-conscious shoppers across the country.
(Source: Forbes; New Straits Times)
