Mega Fortris files for Bursa Main Market IPO

Mega Fortris Bhd, supported by Singapore’s OCBC, has filed for an IPO on Malaysia’s Main Market to fund expansion, including new UK production facilities. The IPO involves 147.87 million new shares and an offer-for-sale of up to 147.87 million existing shares. The company plans to decentralize manufacturing, establish new facilities in the UK, and venture into supplying playing cards in sealed security boxes in Macao. Mega Fortris produces security seals used globally, serving 38 casino operators and claiming products are used in 120 countries. OCBC holds stakes in Mega Fortris, and RHB Investment Bank is the principal adviser for the IPO.

Read more here: https://theedgemalaysia.com/node/707509