KUALA LUMPUR (Aug 11): CLB Holdings Bhd, a label and sticker maker for the food and beverage (F&B) and other industries, is preparing to list on the ACE Market of Bursa Malaysia to fund its expansion.

Proceeds from its initial public offering (IPO) are intended to finance the expansion of its manufacturing facilities, purchase of new machinery and equipment, and working capital, according to CLB’s prospectus exposure filed with Bursa Malaysia.

The IPO will comprise a public issue of 168.36 million new shares, which represent 30.89% of its enlarged share base.

CLB’s shareholders comprise brothers, managing director Choo Chee Kheong and executive director Choo Chee Yong, each with 44.77%, and chief technology officer Bong Shaw Loon @ Wong Shaw Loon with 10.47%.

The Johor-based company manufactures labels and stickers for various industries, including F&B, animal feed, chemicals, household products, logistics, transportation, and electrical and electronics.

It has also expanded into smart labels, including radio-frequency identification (RFID) labels with encoding capabilities.

CLB made a profit after tax of RM5.87 million for its financial year ended Dec 31, 2025 (FY2025), up from RM5.55 million in FY2024, and RM4.43 million in FY2023.

Revenue, meanwhile, grew to RM36.06 million in FY2025, from RM31.09 million in FY2024 and RM27.15 million in FY2023.

Of the 168.36 million shares under the public issue, 27.25 million shares (5% of the enlarged share base) will be reserved for the Malaysian public, and 10 million shares (1.83%) will be allocated to eligible persons of the group.

The remaining 131.11 million shares will be offered to institutional investors as follows: 62.986 million shares (11.56% of the enlarged share base) to selected investors and 68.125 million shares (12.5%) to Bumiputera investors approved by the Ministry of Investment, Trade and Industry.

Post-listing, Chee Kheong and Chee Yong’s direct stakes will each dilute to 30.94%, while Bong’s will dilute to 7.23%.