Big Caring eyes overseas expansion through acquisitions
KUALA LUMPUR: Big Caring Group Bhd is eyeing overseas expansion through acquisitions, including a recently signed deal to acquire a Singapore-based distribution company, as it prepares for its next phase of growth.
Big Caring Group Bhd is seeking overseas expansion through acquisitions, as outlined in its recently launched IPO prospectus. The group's managing director and CEO, Lee Meng Chuan, expressed openness to potential mergers and acquisitions (M&A) that could accelerate growth, while maintaining strict selection and evaluation processes.
Lee highlighted the group's integrated business model, which offers opportunities for overseas expansion, citing a recent acquisition of a Singapore-based distribution company as an example. The Singapore acquisition is expected to help the company enter the Singapore market more swiftly. Additionally, Big Caring is exploring overseas opportunities for its manufacturing operations and own-brand products.
Domestically, the company plans to allocate 4.7% of its IPO proceeds towards establishing a new distribution center near its existing facility in Bukit Raja, which was operating at around 80% capacity as of September 30, 2026. The new facility aims to expand the group's distribution infrastructure ahead of opening 40 to 50 new outlets annually over the next three to five years.
Lee emphasized the group's selective approach to acquisitions, requiring each deal to provide clear business synergies. Any M&A must have a compelling rationale, with the principle that "one plus one must be greater than three." The company aims to pay dividends equivalent to up to 50% of its profit attributable to owners, though payout ratios may be lower during periods of increased cash allocation towards acquisitions.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
