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

Kuala Lumpur

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.

Shares of the company, which raised RM1 billion (S$322.2 million) in its initial public offering (IPO), surged as high as RM1.86, or close to 38 per cent higher above the offer price, during the morning trading session.