DPI gets nod to list on ACE Market

KUALA LUMPUR: DPI Holdings Bhd, an aerosol paints producer, has obtained the approval from Bursa Malaysia Securities Bhd to list on the ACE Market.
DPI produces and distributes aerosol paint cans of more than 300 colours under its three in-house brandnames Anchor, DPI and Kromoto, as well as private label brands for its customers locally and internationally.
Established in 1975, the DPI group also has other complementary product offerings, namely industrial aerosol products, thinners and solvents. DPI group has the competency to formulate, develop, customise and produce a wide range of aerosol paints to fulfil its customers’ specifications.
DPI’s products are sold via a wide-range of distribution channels encompassing 700 customers in Malaysia. DPI’s products are used by consumers for automotive repair and maintenance, arts and crafts, and do-it-yourself (DIY) purposes.
DPI executive chairman & managing director Peter Chai @ Choy Mui Seng said for more than 30 years, DPI has stamped its mark in the aerosol paint space by not only producing quality products, but also being able to meet customisable demands across multiple consumer applications.
"Our product brandnames are popular with hobbyists, DIY enthusiasts, arts and crafts students, and even automotive bodyworks detailers. Listing on the ACE Market of Bursa Malaysia will enable us to embark on a new growth phase, and will allow us to take advantage of future opportunities to expand further in Malaysia and regional markets.”

DPI’s manufacturing facility located in Johor, is capable of producing 9.7 million aerosol cans per annum and holds the ISO 9002:2015 Quality Management System certification.
Barring unforeseen circumstances, DPI targets to be listed in January 2019.
Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for DPI’s initial public offering exercise.