Kuala Lumpur: CUCKOO International (MAL) Berhad (“CUCKOO Malaysia” or “the Company”), a 'Healthy Home Creator' dedicated to fostering healthy lifestyles through its home appliances, household goods, skincare and nutritional food products, and home care services, has unveiled its prospectus for its Initial Public Offering (“IPO”) today.
Kuala Lumpur: CUCKOO International Berhad , a "Healthy Home Creator" dedicated to fostering healthy lifestyles through its home appliances, household goods, skincare and nutritional food products, and home care services, has unveiled its prospectus for its Initial Public Offering today. This event coincides with its proposed listing on the Main Market of Bursa Malaysia Securities Berhad , scheduled for 30 April 2025.
CUCKOO Malaysia plans to allocate 56.7% of its IPO proceeds to fund product purchases for the expansion of its rental business; 21.6% for repayment of bank borrowings; 2.7% for the opening of ‘Brandshops’; 3.0% for upgrading of IT systems; 5.4% for the expansion of CUCKOO International Pte Ltd; and the remainder of the proceeds will be utilised for listing-related expenses.
Advertisement CUCKOO Malaysia’s expansion plan comes against the backdrop of a conducive environment for greater growth. The growing number of households, which outpaces the increase in population, bodes well for the demand for home appliances and household goods; while a creeping household debt limiting the financial ability of consumers to purchase big-ticket items will render the rental option a preferred one.
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