Kuala Lumpur, 24 January 2018,
Rampai Niaga, the franchisee for The Body Shop business in Malaysia, is considering an initial public offering that could raise up to 200 million ringgit ($51 million), two people familiar with the matter said.
The proposed IPO is still in its early stage and the company has yet to mandate an investment bank for the deal, one of the people told Nikkei Markets. Rampai Niaga is mulling the structure of the IPO but if market conditions are right, the deal could be launched by 2019, the person said.
The company has a network of 74 stores, mostly located in major shopping malls in West Malaysia, according to its website. Rampai Niaga added 17 new stores when the company acquired the franchise in Sabah in 2015.
A spokesperson for Rampai Niaga didn’t respond to request for comment.
Globally, The Body Shop has more than 2,500 stores in 61 countries selling over 1,200 products.
Read more at : https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-Body-Shop-Franchisee-Rampai-Niaga-Mulling-Raising-Up-To-MYR200-Mln-Via-IPO-Sources