3. Mr Charanjeev Singh, Chief Executive Officer of NewParadigm Securities Sdn Bhd 4. Mr Danny Kwan, Deputy Chief Executive Officer of NewParadigm Securities Sdn Bhd
Evocom Bhd has signed an underwriting agreement with NewParadigm Securities as the courier firm eyes an ACE Market listing in the third quarter on 12 August 2026.
Under the agreement, NewParadigm will take up any unsubscribed shares allocated to the Malaysian public via balloting, Evocom said in a statement on Wednesday.
“The signing of this underwriting agreement represents an important milestone in Evocom’s listing journey,” said Mr. Ian Tan, Chief Executive Officer of Evocom Berhad.
Evocom ACE Market Listing: Business Overview
Based in Selangor, Evocom provides staffing and network support services for e-commerce and logistics activities including last-mile delivery, transhipment, and parcel shipment. We also holds a licence to provide domestic and international inbound courier services.
The company plans to develop applications that provide real-time visibility for artificial intelligence driven workforce planning and management. Part of the IPO proceeds will go into expanding its air freight transhipment business and setting up a new warehouse and office in Nilai.
“As Malaysia’s e-commerce ecosystem continues to evolve, we see increasing opportunities to support our customers through technology-driven and scalable supply chain solutions” Mr. Ian Tan.
The IPO also includes an offer for sale of existing shares and proceeds raised will accrue to Tan, whose stake will decline to 63% from 91%.
In 2024, Evocom made a net profit of RM6.19 million on revenue of RM209.41 million, according to its draft prospectus. Flexible staffing contributed 81% to revenue, with network support making up the remaining 19%.
NewParadigm Securities is the principal adviser, sponsor, sole underwriter, and placement agent for the Evocom ACE Market Listing IPO.
