Clifford Chance

Clifford Chance advises on Farm Fresh's US$238.8 million IPO and Listing on Bursa Malaysia

Leading international law firm Clifford Chance has advised Malaysian dairy producer Farm Fresh Berhad on the international aspects of its US$238.8 million (RM1 billion) initial public offering and listing on the Main Market of Bursa Malaysia Securities Bhd, marking the country's largest offering since June 2021. The firm advised on US federal securities law and English law.

Lead partner Johannes Juette said, "We are delighted to have advised Farm Fresh on their successful IPO, which saw strong demand from institutional investors and retail investors alike. This landmark deal adds to our depth of experience in providing strategic international advice on Malaysia's most significant offerings. We look forward to Farm Fresh's continued success as it charts a new exciting chapter in its history."

Johannes was supported by senior associate Claire Neo and trainee associate Daniel Ng.

Adnan Sundra & Low advised Farm Fresh on Malaysian law.

Farm Fresh is Malaysia's largest integrated producer of dairy products made from fresh milk. It is a fast-growing, vertically integrated dairy group engaged in the business of farming, manufacturing, and distributing various dairy and plant-based products. Sovereign wealth fund Khazanah Nasional Bhd and the Employees Provident Fund Board of Malaysia are substantial shareholders of Farm Fresh.

Clifford Chance has a track record of advising on the international law aspects of some of Malaysia's largest listings, including Leong Hup International's US$247 million IPO, Lotte Chemical Titan Holding's US$878 million IPO and Eco World's US$580 million IPO.