SBH Marine sees big potential for more exports

PETALING JAYA: ACE Market-bound SBH Marine Holdings Bhd is looking to transfer to the Main Market of Bursa Malaysia in another three years, driven by expansion plans and an increase in market reach post-listing.

Executive director Saw Leng Hean said despite having the qualifications to list directly on the Main Market, SBH Marine intends to approach the market “step-by-step” as an effort to gain more insight first.

“We want to learn from the process, improve ourselves and graduate from there. Moving ahead, we are targeting to list on the Main Market of Bursa Malaysia in the next three years or so,” he told the media after SBH Marine’s prospectus launch.

Saw said the group is also planning to increase its international reach by exporting its frozen seafood products to China on the back of strong demand.

Nevertheless, Saw said the group will continue to grow with its existing clients while increasing exposure in the Chinese market.