KUALA LUMPUR: MTT Shipping and Logistics Bhd (MTTSL), a powerhouse in container liner shipping, vessel chartering, and container services, has received the green light from the Securities Commission Malaysia to list on the Main Market of Bursa Malaysia.
The group is Malaysia’s leading domestic container liner shipping operator based on its market share of domestic cabotage volume from Peninsular Malaysia to East Malaysia and Brunei in 2024 and the six months ended June 30, 2025. Its influence also stretches across Southeast Asia and the Far East-Indian Subcontinent, making waves beyond local waters.
Furthermore, MTTSL also owns the largest fleet of Malaysian-flagged containerships with an average age of 6.7 years, the youngest fleet among Malaysian operators, as of Sept 1, 2025.
MTTSL’s proposed initial public offering (IPO) will offer 633.5 million new shares, with funds going directly to MTTSL for growth (no existing shares are being sold).
As set out in the draft prospectus exposure, 312.5 million shares will be reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI); 258.5 million shares for Malaysian and foreign institutional investors; and 12.5 million shares for directors, employees and key contributors. Fifty million shares have been reserved for the Malaysian public via balloting.
MTTSL’s managing director, Ooi Lean Hin, said the group is truly excited to set sail on its maiden voyage as it delves into the next phase of its corporate journey.
He added that the proposed IPO is expected to serve as a key enabler for the long-term growth of MTTSL.
“As part of our strategic endeavours, we intend to expand our service network in Southeast Asia, the Indian subcontinent and China through the acquisition of additional container vessels with various capabilities to capitalise on the growth in cargo volumes driven by supply chain realignment and production relocation.
“We are also focusing on the development of our integrated freight facilities to spur our domestic sector growth within East Malaysia by addressing infrastructure gaps, as well as building logistics capacity, to support the growth between West and East Malaysia and the growth of the region. We are deeply committed to bringing MTTSL to new heights and delivering value to all of our stakeholders,” he said.
CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter, and joint underwriter for this IPO exercise.
CLSA Ltd and CLSA Securities Malaysia Sdn Bhd are the joint global coordinators and joint bookrunners, while Affin Hwang Investment Bank Berhad is the joint bookrunner and joint underwriter.
© New Straits Times Press (M) Bhd
