Pan Merchant To Be Listed On ACE Market In 2Q25
BusinessToday - 14 April 2025 View original article
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Malaysia’s largest solid-liquid filtration solutions provider, Pan Merchant Bhd, is targeting to be listed on the ACE Market of the Bursa Malaysia Securities Bhd in the second quarter of 2025 (2Q25).
The group announced the listing schedule after obtaining the approval from the local bourse for its proposed IPO, with Affin Hwang Investment Bank Bhd being the principal advisor, sponsor, sole placement agent and sole underwriter for the IPO exercise.
Commencing operations in 1987, Pan Merchant is Malaysia’s largest solid-liquid filtration solutions provider in terms of revenue. The group specialises in the design, manufacture, assembly, delivery and commissioning of filter presses and hermetic filters carrying the “PMI” tradename, as well as the design and fabrication of steel-based vessels or equipment.
With close to four decades of experience, Pan Merchant has established a strong international presence, with over 80% of its products exported to Asia, Europe, America, and Africa. The group operates offices in Malaysia, Singapore, the Netherlands and the US, along with three manufacturing facilities in Ipoh, Perak.
The facilities sit on approximately 10 acres of land and are equipped with a wide suite of production capabilities to meet the growing demand in the global solid-liquid filtration market, which grew from RM12 billion in 2019 to RM21.9 billion in 2023.
Commenting on the proposed listing, Pan Merchant Managing Director Wong Voon Ten said going public is a pivotal step that will empower the group to expand its capabilities and better serve the evolving needs of the filtration industry and other end-user industries.
“With enhanced resources post-listing, we are poised for greater innovation through product development activities and broader global reach through our strategic expansion plan, thus delivering stronger value creation for our stakeholders,” Wong added.
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