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IPO Prospectus

OCEAN FRESH BERHAD

Subject

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF OCEAN FRESH BERHAD ("OFB" OR THE "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 50,050,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER:- (I) 10,510,000 NEW SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 1,710,000 NEW SHARES FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES; AND (III) 37,830,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN ISSUE PRICE OF RM0.28 PER SHARE, PAYABLE IN FULL UPON APPLICATION

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3455427

Attachments Ocean Fresh Berhad - Prospectus 12.6.2024.pdf Ocean Fresh Berhad - Detailed Procedures for Application.pdf

Type	Announcement
Subject	OTHERS
Description	OCEAN FRESH BERHAD (''OFB'' OR THE ''COMPANY'')INITIAL PUBLIC OFFERING IN RELATION TO THE LISTING OF OFB ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (''LISTING'')
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the Prospectus dated 12 June 2024 issued by OFB in relation to the Listing.) On behalf of the Board, KAF IB wishes to announce the following information in relation to the Listing:- (i)          Level of subscription of the Public Issue; (ii)         Basis of allotment/allocation of the Balloting Shares (as defined herein); (iii)        Distribution for the Private Placement; and (iv)        Disclosure of selected investors who become substantial shareholders of OFB arising from the IPO, if any. Further details of the above are set out in the attachment. This announcement is dated 24 June 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3458423

Attachments OFB - Level of Subscription.pdf

Date of Listing	04 Jul 2024
Enlarged Issued Share Capital in the following
Units	210,146,000
Currency	Malaysian Ringgit (MYR)
Par Value($$) (if applicable)
Enlarged Issued Share Capital ($$)	52,437,041.000
Stock Code	0312
Stock Name	OFB
ISIN code	MYQ0312OO007
Board	ACE Market
Bursa Sector	CONSUMER PRODUCTS & SERVICES
Bursa Sub Sector	FOOD& BEVERAGES
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2024	31 Mar 2023	31 Mar 2024	31 Mar 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	55,455	0	55,455	0
2	Profit/(loss) before tax	2,486	0	2,486	0
3	Profit/(loss) for the period	2,486	0	2,486	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,486	0	2,486	0
5	Basic earnings/(loss) per share (Subunit)	1.55	0.00	1.55	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3000		0.2800

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	45,493	0	100,948	0
2	Profit/(loss) before tax	-146	0	2,340	0
3	Profit/(loss) for the period	-526	0	1,960	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-526	0	1,960	0
5	Basic earnings/(loss) per share (Subunit)	-0.33	0.00	1.22	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3000		0.2800

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	30,788	0	163,715	0
2	Profit/(loss) before tax	-162	0	2,297	0
3	Profit/(loss) for the period	-243	0	1,919	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-243	0	1,919	0
5	Basic earnings/(loss) per share (Subunit)	-0.12	0.00	1.04	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.2900		0.2200

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OCEAN FRESH BERHAD

Date of change	01 Mar 2025
Name	MR TEO CHEE HAN
Age	33
Gender	Male
Nationality	Singapore
Type of change	Redesignation
Previous Position	Executive Director
New Position	Non Executive Director
Directorate	Non Independent and Non Executive

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OCEAN FRESH BERHAD

Entitlement subject	Interim Dividend
Entitlement description	Single Tier Interim Dividend of 0.5 sen per ordinary share in respect of the financial year ending 31 December 2025.
Ex-Date	20 Mar 2025
Entitlement date	21 Mar 2025
Entitlement time	5:00 PM
Financial Year End	31 Dec 2025
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	08 Apr 2025
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	21 Mar 2025
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0050