Kuala Lumpur, 12 January 2026 — Teamstar Berhad (“Teamstar” or the “Company”), a leading home improvement solutions provider in Malaysia, has signed an underwriting agreement with TA Securities Holdings Berhad (“TA Securities”) in conjunction with its proposed initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.
Under the agreement, TA Securities will act as Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for the IPO exercise. TA Securities will underwrite 40 million new ordinary shares to be offered to the Malaysian public and 16 million existing shares to be offered for sale.
The signing of the underwriting agreement marks a significant milestone for Teamstar as it progresses towards its planned listing and reflects confidence in the Company’s business fundamentals, growth strategy and long-term prospects.
IPO Structure
- Public Issue of 132 million new shares, consisting of:
- 40 million shares made available to the Malaysian public
- 92 million shares via private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI)
- Offer for Sale of 72 million existing shares, consisting of:
- 16 million shares allocated to eligible directors, employees and contributors
- 48 million shares via private placement to selected investors
- 8 million shares via private placement to identified Bumiputera investors approved by MITI
Use of Proceeds and Growth Strategy
Teamstar intends to utilise the proceeds from the IPO primarily to support the Group’s expansion and operational growth. Key initiatives include:
- Establishing 10 new retail outlets nationwide to enhance brand visibility and customer reach
- Expanding its retail presence in Johor, Kedah and Penang, as well as entering Sabah and Sarawak
- Supporting warehouse expansion, working capital requirements and general corporate purposes
These initiatives are aimed at strengthening Teamstar’s nationwide footprint and positioning the Group for sustainable long-term growth within Malaysia’s home improvement and furniture hardware market.
About
Teamstar Berhad
Established in 1996 and headquartered in Puchong, Selangor, Teamstar Berhad is a leading home improvement solutions provider in Malaysia, specialising in furniture fittings, hardware, kitchen accessories and related products. With an extensive retail network and a strong focus on quality and service, Teamstar continues to strengthen its position as a trusted partner to both trade professionals and retail customers nationwide.