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🇲🇾 Malaysia /Economy & Trade

Farm Fresh targets gross proceeds of up to RM200 million

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Documents & data New plan
  • Farm Fresh Berhad priced its proposed private placement at RM1.95 per share, targeting gross proceeds of up to RM200 million.
  • The issue price represents a discount of about 3.2% to the company’s five-day volume-weighted average price of RM2.0134.
  • Farm Fresh may issue about 102.6 million new shares, although the final amount will depend on completion of the placement.

Farm Fresh Berhad has set the issue price for its proposed private placement at RM1.95 per share as it seeks to raise up to RM200 million in gross proceeds.

The dairy producer disclosed the pricing to Bursa Malaysia after its board fixed the issue price on September 3, 2026, following the close of trading on Bursa Malaysia Securities. CIMB Investment Bank made the announcement on the company’s behalf.

The price represents a discount of RM0.063, or about 3.2%, to Farm Fresh’s five-day volume-weighted average price of RM2.0134 per share as of September 3.

At RM1.95 per share, the company would need to issue about 102.6 million new shares to raise the maximum RM200 million. The final number of placement shares and the proceeds will depend on completion of the process.

Farm Fresh said the private placement would provide another route to raise new equity capital and strengthen its financing capacity to meet the group’s needs.

About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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