Empire Sushi launches prospectus for main market listing

Empire Sushi Sdn Bhd, under the parent company Empire Premium Food Berhad, launched its prospectus alongside its Initial Public Offering (IPO) ahead of its listing on the Main Market of Bursa Malaysia Securities Berhad this 17th April.

The Group said, the IPO entails up to 363.0 million ordinary shares in the Empire Premium, consisting of a public issue of 218.0 million new shares and an offer for sale reaching 145.0 million existing shares– approximately 33.0 percent of the enlarged issued shares.

Through the IPO, the largest sushi chain operator in Malaysia is expected to garner around RM152.6 million from the public issue at an IPO price of RM0.70 per share, allowing the Group to channel as much as 51.8 percent of its proceeds for the expansion of 56 new outlets.

Its Chief Executive Officer, Nicole Lim said the expansion will include both grab-and-go as well as quick dine-in formats over the next three financial years, while 8.3 percent of the proceeds will be utilised for upgrades and refurbishment of selected existing outlets across the country.

CEO of Empire Premium Food Berhad, Nicole Lim during the Empire Sushi IPO Prospectus Launch at Grand Hyatt Hotel, Kuala Lumpur today.

Meanwhile, another 34.1 percent will be used for working capital and the remaining 5.8 percent set aside to defray fees as well as expenses in relation to the IPO.

“In 2010, we began with a small counter in the hypermarket and doing everything ourselves, but through hard work and continuous learning, we relaunched Empire Sushi in 2014 with the concept of Sushi-On-The-Go. 

“Today, that dream has grown into the largest grab-and-go sushi chain in Malaysia where we own and operate 143 outlets across shopping centres, hypermarkets, airport retails, and transit hubs in the country. 

“Staying true to our commitment in serving and bringing sushi into Malaysians’ daily life, we gained halal certification for more than 90 percent of our outlets and continues to develop new high quality as well as tasty sushi menus,” she said.

The Group and its Board of Directors with Maybank Investment Bank.

The Empire Sushi IPO Prospectus Launch was held at the Grand Hyatt Hotel, Kuala Lumpur today, attended by the Group Board of Directors, Maybank Investment Bank, potential prospects and members of the media. 

CEO of Maybank Investment Bank Berhad, Michael Oh-Lau said, the bank is honoured to support the Group in reaching the milestone through Malaysia’s resilient domestic market and increasingly sophisticated consumer demand for affordable and high quality food choices.

“We are confident that the Group is well positioned to strengthen its market leadership and capture further growth as it progresses ahead as a public listed company. 

“We look forward to deepening our partnership with Empire Premium as it continues to advance its growth ambitions,” he said.

The Group celebrated the launch together with their employees, known internally as Empire Warriors.

Upon listing, the market capitalisation of the company would be approximately RM770.0 million based on the enlarged issued shares and IPO price of RM0.70 per share while the Group’s dividend policy targets a dividend payout of at least 30 percent of the profit after tax attributable to company owners.

Lim said, application for the Retail Offering opens from 25th March 2026 until 5.00 p.m on 31st March 2026.