Rampai-Niaga, The Body Shop Malaysia franchisee, is planning an IPO that could raise RM200 million (US$48 million).
The company is considering submitting a listing application to the local securities regulator shortly, targeting a presence on Bursa Malaysia by the second quarter of next year at the earliest, according to a source close to the firm. As yet, the company has refrained from commenting on the proposal.
The company’s website says Rampai-Niaga is the sole franchisee for The Body Shop Malaysia. It opened the beauty products brand’s first outlet in the country in 1984.