Polymer Link Raises RM24.3mil via ACE Market IPO
Polymer Link Holdings Bhd raised RM24.3mil through its IPO on the ACE Market, issuing 97.15 million new shares at 25 sen each. The funds will expand its Australian operations, support working capital, repay banks, and cover listing costs. The company targets global growth in rotational moulding and is listed on Nov 25, 2025, with a market cap of RM140mil.
Polymer Link Holdings Bhd has successfully raised RM24.3 million from its initial public offering (IPO) on the ACE Market of Bursa Malaysia. The company issued 97.15 million new shares at an IPO price of 25 sen per share. The proceeds will be used to expand its Australian operations, fund working capital, cover capital expenditure, repay bank loans, and pay for listing expenses. Polymer Link specializes in manufacturing plastic powder and colour masterbatch for rotational moulding applications. The company was previously listed on the LEAP Market but voluntarily delisted in December 2020. Its relisting on the ACE Market is scheduled for November 25, 2025, giving it a market capitalization of RM140 million based on an enlarged issued share capital of 560 million shares. Polymer Link’s leadership sees this IPO as a pivotal step in transitioning from a regional to a global player in the rotational moulding supply chain. The funds will also be used to enhance innovation and strengthen its ability to serve customers across different markets. Hong Leong Investment Bank is the principal adviser, sponsor, sole placement agent, and sole underwriter for the IPO, while DWA Advisory Sdn Bhd serves as the financial adviser.
