KUALA LUMPUR (Jan 26): MTT Shipping and Logistics Bhd has obtained approval from the Securities Commission Malaysia for its proposed listing on the Main Market of Bursa Malaysia Securities Bhd.

As part of its proposed listing, MTT Shipping & Logistics plans to issue 633.5 million new ordinary shares through an initial public offering (IPO), comprising both institutional and retail offerings. There will be no sale of existing shares, and all proceeds from the IPO will go entirely to the group.

“Following this approval, we are truly excited to set sail on our maiden voyage as we delve into the next phase of our corporate journey. The proposed IPO is expected to serve as a key enabler for the long-term growth of MTT Shipping & Logistics. As part of our strategic endeavours, we intend to expand our service network in Southeast Asia, the Indian subcontinent and China through the acquisition of additional container vessels with various capabilities to capitalise on the growth in cargo volumes driven by supply chain realignment and production relocation,” MTT Shipping & Logistics managing director Ooi Lean Hin said in a statement. 

He added that the company is focusing on developing integrated freight facilities to support domestic growth in East Malaysia by addressing infrastructure gaps and expanding logistics capacity. This will help strengthen trade between West and East Malaysia and support regional growth.

The group provides maritime logistics services, mainly in container liner shipping, vessel chartering, and container storage and related services.

MTT Shipping and Logistics is Malaysia’s leading domestic container liner shipping operator, based on its market share of cabotage volumes between Peninsular Malaysia, East Malaysia and Brunei in 2024 and the six months ended June 30, 2025. The group also has a growing regional presence across Southeast Asia and the Far East–Indian subcontinent.

The company also owns the largest fleet of Malaysian-flagged containerships with an average age of 6.7 years, the youngest fleet among Malaysian operators, as at Sept 1, 2025.  

CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter, and joint underwriter for this IPO exercise. CLSA Ltd and CLSA Securities Malaysia Sdn Bhd are the joint global coordinators and joint bookrunners, while Affin Hwang Investment Bank Bhd is the joint bookrunner and joint underwriter.