Farm Fresh’s IPO was one of the largest in recent years on Bursa Malaysia, with shares oversubscribed by 18.74 times amongst the Malaysian public.
Farm Fresh Berhad is a true Malaysian success story, rising from humble beginnings to becoming the nation’s largest home-grown integrated dairy company delivering products that are free of preservatives, artificial colourings and flavourings.
Malaysia’s largest IPO since 2021
Closing share price on listing day at RM1.72,
27.4% above IPO price
Since our initial investment in 2010, we have actively assisted with the company’s governance, recruitment, strategic planning and financial structuring. Farm Fresh has evolved into a fully integrated dairy company with a strong presence across the dairy value chain – from farm management and animal husbandry through to milk processing and distribution enabling them to scale up production volumes while ensuring quality and safety.
Beyond product benefits, Farm Fresh is a socially responsible business. Today, over 70% of their workforce hail from rural communities across Malaysia, including Orang Asli communities. Their home dealer distribution network expands access to non-urban areas. Through this network, thousands of stockists, home dealers and agents – many of whom are women – sell Farm Fresh products within their communities, earning a decent margin and improving their livelihoods while expanding the company’s reach.
Farm Fresh places great emphasis on operating sustainably by creating value to stakeholders across the value chain, especially given that their landbanks are in close proximity to natural environments and local communities. Since 2014, they have progressively introduced regenerative agriculture practices, contributing to the circular economy by utilising treated animal waste as a source for bedding, fertiliser and pasture irrigation. All of their farms have attained the globally-coveted Certified Humane® accreditation, a testament to their commitment to practices that put animal health and welfare first.
Farm Fresh successfully listed on the main market of Bursa Securities on 22 March 2022, with proceeds from the IPO supporting the company’s expansion plans for continued growth