Malaysian coffee chain Oriental Kopi seeks to raise US$40.9 million through an initial public offering (IPO) on the Bursa Malaysia Ace market this month.
The company plans to allocate $8 million of the proceeds for expanding its outlet presence, aiming to open 13 new stores in Malaysia this year, along with two additional outlets in Singapore.
Additionally, $12 million will be used to establish a new head office, central kitchen, and warehouse in Selangor. Meanwhile, the remaining funds will be directed toward working capital, international marketing efforts, and expanding its packaged food division.
Founded in 2020, Oriental Kopi currently operates 20 cafes in Malaysia and one in Singapore.
The chain is known for its traditional Malaysian and Chinese dishes, egg tarts, and signature Oriental Kopi – a Chinese-style coffee blend of Arabica, Robusta, and Liberica beans.
Oriental Kopi has noted that its network expansion was a key driver of earnings growth last year, with net profits doubling to $9.5 million in the 12 months ending September.
During the same period, revenues reached $61.5 million, with 94 per cent of the group’s total sales coming from cafe operations and 6 per cent from its packaged food division.
