After impressive IPO debut, Malaysia's Farm Fresh eyes regional expansion

MALAYSIAN dairy producer Farm Fresh, which made an impressive debut on Bursa Malaysia on Tuesday (Mar 22), is looking to expand its presence in the region over the next year, with Hong Kong, Indonesia and the Philippines all on its radar, said Loi Tuan Ee, the company's group managing director and CEO.

The counter opened at RM1.70, or 26 per cent higher than its IPO price of RM1.35. The highest it reached during mid-day was RM1.86, before closing at RM1.72, a rise of 27.4 per cent. A total of 330 million shares changed hands.

Loi, who was speaking at a press conference, said the group is setting up a company in Hong Kong by the end of this year, with a target to export its products there within the next 7 to 8 months.