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Megan Holdings Limited Announces Closing of $5 Million Initial Public Offering

created: Sept. 29, 2025, 8:25 p.m. | updated: Sept. 30, 2025, 5:03 p.m.

Malaysia, Kuala Lumpur, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Megan Holdings Limited (the “Company” or “Megan”), a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares, par value US$0.0001 per share, (“Ordinary Shares”), at a public offering price of US$4.00 per Ordinary Share. The Company has granted a 45-day option to the underwriters to purchase up to 187,500 additional Ordinary Shares solely to cover over-allotments, if any. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov. About Megan Holdings LimitedMegan Holdings Limited (the “Company” or “Megan”) is a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works. Forward-Looking StatementsCertain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering.

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