Cuckoo Malaysia reschedules Main Market IPO to navigate market volatility
KUALA LUMPUR (April 10): CUCKOO International (MAL) Berhad has announced that it will reschedule the timing of its Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) in response to current global market volatility.
The listing of CUCKOO Malaysia, initially planned for April 30, 2025, is now anticipated to be completed by June 24, 2025.
This measured decision follows a careful and thoughtful assessment by CUCKOO Malaysia’s management in targeting a successful and sustainable entry into the public market by the Company.
“As the market presents near-term challenges, we believe that this is a prudent decision. We remain confident in the company’s long-term prospects and is committed to maintaining the company’s momentum across all business segments,” said CUCKOO Malaysia non-independent executive director and chief executive officer Hoe Kian Choon.
Following the change in timeline, CUCKOO Malaysia will issue a supplementary prospectus and open an investor subscription withdrawal period for investors who have submitted but wish to withdraw their applications for the IPO.
The supplementary prospectus and specific details of the Withdrawal process, including period and methods, will be released in due course via Bursa Malaysia’s website and CUCKOO Malaysia’s website.
The IPO application remains open and will now close on June 5, 2025 with the listing on the Main Market of Bursa Malaysia planned on June 24, 2025.
Despite the adjusted timeline, CUCKOO Malaysia reaffirms its unwavering dedication to its mission of creating healthier homes for all, fostering healthier lifestyles for its customers as a Healthy Home Creator.
The company expresses its sincere appreciation to all stakeholders for their ongoing support and confidence as it takes considered steps towards a successful listing that will underpin its long-term growth and value proposition.
-Agency
