Malaysian apparel maker KTMG debuts in SGX after reverse takeover

The firm said that the move will boost its regional expansion.

KTMG Limited, a Malaysia-based apparel contract manufacturer, has announced its recent listing on stock exchange following its completion of its reverse takeover (RTO) exercise last 18 February.

KTMG, formerly known as Lereno Bio-Chem Ltd, operates three manufacturing facilities in Batu Pahat, Johor and Phnom Penh with a combined total of 35 production lines.

The group manufactures apparel that are exported to retailers in the European Union, United States of America and Canada that sell apparel products under its own brands.

“The listing of KTMG Limited on the Singapore Exchange marks a very significant milestone for the Group as it enhances our access to the capital markets for our regional expansion,” said Damien Lim Vhe Kai, KTMG’s CEO.

KTMG plans to increase its current dyeing and finishing capacity of approximately 100,000 kg per month, to approximately 150,000 kg by December 2019 and 200,000 kg by December 2022.

It also plans to set up its own research and development team to develop new techniques and processes for knitting, dyeing and post-processing treatment, formulation and improvement of dye mixtures, as well as new value-added functionalities for fabrics.