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IPO Prospectus

VETECE HOLDINGS BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") OF 137,200,000 ORDINARY SHARES IN VETECE HOLDINGS BERHAD ("VETECE") ("ISSUE SHARES" OR "SHARES") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 98,000,000 NEW ISSUE SHARES IN THE FOLLOWING MANNER: (A) 19,600,000 NEW ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 9,800,000 NEW ISSUE SHARES AVAILABLE FOR APPLICATION BY ELIGIBLE PERSONS; AND (C) 68,600,000 NEW ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 39,200,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN IPO PRICE OF RM0.25 PER SHARE PAYABLE IN FULL UPON APPLICATION.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471778

Attachments 01. VETECE Holdings Berhad - Prospectus (Part 1).pdf 02. VETECE Holdings Berhad - Prospectus (Part 2).pdf 03. VETECE Holdings Berhad - Detailed Procedures for Application.pdf

Opening of application	08 Aug 2024
Closing of application	14 Aug 2024
Balloting of application	16 Aug 2024
Allotment of IPO shares to successful applicants	23 Aug 2024
Tentative listing date	28 Aug 2024

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VETECE HOLDINGS BERHAD INITIAL PUBLIC OFFERING ("IPO") OF 137,200,000 ORDINARY SHARES IN VETECE HOLDINGS BERHAD ("COMPANY" OR "VETECE") ("ISSUE SHARES OR SHARES") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 98,000,000 NEW ISSUE SHARES AND AN OFFER FOR SALE OF 39,200,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN IPO PRICE OF RM0.25 PER SHARE
Malaysian Issuing House Sdn Bhd (“MIH”) is pleased to announce that the public issue of 19,600,000 Issue Shares made available for application by the Malaysian public have been oversubscribed by 187.41 times.

A total of 31,054 applications for 3,692,919,000 new issue shares were received from the Malaysian public, resulting in an overall oversubscription rate of 187.41 times.

The notices of allotment will be mailed to all successful applicants by 26 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474125

Attachments PRESS RELEASE - VETECE HOLDINGS BERHAD.pdf

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VETECE HOLDINGS BERHAD

Date of Listing	28 Aug 2024
Enlarged Issued Share Capital in the following
Units	392,000,000
Currency	Malaysian Ringgit (MYR)
Par Value($$) (if applicable)
Enlarged Issued Share Capital ($$)	38,730,200.000
Stock Code	0319
Stock Name	VTC
ISIN code	MYQ0319OO002
Board	ACE Market
Bursa Sector	TECHNOLOGY
Bursa Sub Sector	DIGITAL SERVICES
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 May 2024	31 May 2023	31 May 2024	31 May 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	6,871	0	15,440	0
2	Profit/(loss) before tax	1,887	0	4,053	0
3	Profit/(loss) for the period	1,506	0	3,205	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,506	0	3,205	0
5	Basic earnings/(loss) per share (Subunit)	0.51	0.00	1.09	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0700		0.0600

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VETECE HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	MR TEE CHEE CHIANG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	28 Aug 2024	39,200,000	Others	Direct Interest
	Name of registered holder	TEE CHEE CHIANG
	Description of "Others" Type of Transaction	Offer for Sale

Circumstances by reason of which change has occurred	Offer for Sale in relation to the Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	240,380,624
Direct (%)	61.32
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	240,380,624
Date of notice	28 Aug 2024
Date notice received by Listed Issuer	28 Aug 2024

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Type	Announcement
Subject	OTHERS
Description	VETECE HOLDINGS BERHAD - AWARD OF CONTRACT
1. Introduction VETECE Holdings Berhad (“VTC” or “the Company”) wishes to announce that its wholly owned subsidiary, Vision Technology Consulting Sdn Bhd (“VTCM”), had on 27 February 2025 accepted a purchase order for a global software vendor's software licences amounting to approximately RM25 million (“Contract”). The Contract is expected to be fulfilled within FYE2025. The Contract falls under the resale of hardware and software segment of the Company which typically generates lower gross profit margin compared to the implementation services and the maintenance, support and professional services segments. 2. Financial Effects The Contract will not have any effect on the share capital and substantial shareholders’ shareholdings of the VTC and its subsidiaries (“Group”). However, the Contract is expected to contribute positively towards the future earnings and net assets of the Group for the financial year ending 31 August 2025. 3. Risk Factors VTC does not foresee any exceptional risk other than the normal operational risks associated with the supply of products and will take the necessary steps to mitigate the risks as and when it occurs based on its past experiences and expertise. 4. Approvals required The Contract is not subject to the approval of the Company’s shareholders and/or any relevant regulatory authorities. 5. Directors’ and Major Shareholders’ Interests None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of VTC has any direct or indirect interest in the Contract. 6. Directors’ Statement The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in the best interest of the Group. This announcement is dated 28 February 2025.

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SUMMARY OF KEY FINANCIAL INFORMATION 28 Feb 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		28 Feb 2025	28 Feb 2024	28 Feb 2025	28 Feb 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	30,862		35,877
2	Profit/(loss) before tax	1,841		3,626
3	Profit/(loss) for the period	1,475		2,950
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,472		2,954
5	Basic earnings/(loss) per share (Subunit)	0.38		0.75
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.1100		0.1000