Megan Holdings Prices Follow-On Offering of 20.75 Million Shares at $0.40 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
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Should l Buy MGN?
Megan Holdings announced the pricing of its follow-on offering of 20,750,000 Class A ordinary shares, par value $0.0001 per share, at an offering price of $0.40 per share. The Offering is being conducted on a reasonable best-efforts basis. D. Boral Capital is acting as the exclusive placement agent for the Offering. The Offering is expected to close on or about February 27, subject to the satisfaction of customary closing conditions. There is no minimum offering amount required as a condition to closing. The Company expects to receive aggregate gross proceeds of $8.3M, assuming the sale of all of the securities offered, before deducting placement agent fees and other offering expenses payable by the Company.
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About MGN
Megan Holdings Limited is a Malaysia-based holding company. The Company is principally engaged in the development, construction and maintenance of aquaculture farms and related works. Its services include upgrading and maintenance of aquaculture and agriculture farms, design and development of new aquaculture and agriculture farms, and sourcing of industrial supplies and rental of machinery. Its upgrading and maintenance of aquaculture and agriculture farms includes pond maintenance, aeration and circulation systems, and seawater intake, distribution, and discharge systems. Its area of specialization in agricultural farms resides with pineapple farms. The Company is involved in the development and construction of a shrimp hatchery center in Semporna, Sabah, Malaysia, where it has been engaged to undertake the construction of hatchery buildings and related functional facilities. It is also assisting in the development of an approximately 111-acre shrimp farm at Tawau, Sabah, Malaysia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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