IPO - WF Holding Ltd

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Form Type: 424B4

Filing Date: 2025-03-28

Corporate Action: Ipo

Type: New

Accession Number: 000101376225003577

Filing Summary: WF Holding Ltd is conducting an initial public offering (IPO) of 2,000,000 ordinary shares at an initial price of $4.00 per share, aiming for a total offering amount of $8,000,000. The shares will be listed on The Nasdaq Capital Market under the symbol 'WFF', with trading commencing on March 27, 2025. The company has emerged from a corporate reorganization completed on June 21, 2023, when it acquired its wholly owned subsidiary, Win-Fung Fibreglass Sdn. Bhd., through a share sale affecting 22,949,999 ordinary shares. The document outlines the business model focusing on manufacturing fiberglass reinforced products, emphasizes the company's emerging growth company status, and mentions regulatory compliance and disclosures pertinent to this offering. Potential risks associated with the investment, market conditions, and future strategies are discussed in detail. The underwriting process is also outlined, with underwriters given an over-allotment option of 300,000 shares, and total proceeds estimated at $7,400,000 after expenses.

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Additional details:

Assumed Initial Public Offering Price: $4.00


Total Assumed Initial Public Offering: $8,000,000


Underwriting Discounts And Commissions: $0.30


Total Underwriting Discounts: $600,000


Proceeds To Us Before Expenses: $3.70


Total Expenses Payable: $1,100,000


Underwriters Option To Purchase Additional Shares: 300,000


Start Trading Date: March 27, 2025


Form Type: 8-A12B

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001535

Filing Summary: WF Holding Limited is registering its ordinary shares with a par value of $0.00005 on The Nasdaq Stock Market LLC under the Securities Exchange Act of 1934. This form is part of the registration of these shares pursuant to Section 12(b) of the Act. The registration statement is connected to the previously filed Registration Statement on Form F-1, indicating that the shares are being registered in conjunction with an initial public offering. The filing does not include any exhibits as no other securities are registered. The document is duly signed by the Chief Executive Officer, Chee Hoong Lew, confirming the registration on March 24, 2025.

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Additional details:

Description Of Securities: ordinary shares of WF Holding Limited


Registration Statement File Number: 333-282294


Form Type: F-1/A

Filing Date: 2025-03-20

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025025448

Filing Summary: This document is Amendment No. 5 to the Registration Statement on Form F-1 for WF Holding Limited, filed on March 20, 2025, and aimed at registering securities under the Securities Act of 1933. The amendment primarily serves the purpose of incorporating certain exhibits and does not alter the preliminary prospectus or the remaining parts of the registration statement. The registrant, WF Holding Limited, is based in Cayman Islands, with its principal executive offices located in Malaysia. It is indicated as an emerging growth company. The document includes various agreements such as underwriting details, memoranda, opinions regarding legality and tax matters, and several agreements related to assets and tenancy. Key parties involved are mentioned, including Chee Hoong Lew as CEO and other representatives.

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Additional details:

Address: Lot 3893, Jalan 4D Kg. Baru Subang Seksyen U6, 40150 Shah Alam, Selangor, Malaysia


Agent For Service: Cogency Global Inc., 122 East 42nd Street, 18th Floor, New York, NY 10168, 800-221-0102


Exhibition Descriptions: ["Form of Underwriting Agreement","Amended and Restated Memorandum and Articles of Association","Opinion of Ogier regarding the legality of the ordinary shares","Opinion of Halim Hong & Quek regarding certain Malaysian tax matters","Share Sale and Purchase Agreement"]


Emerging Growth Company: Yes


Registration Statement Number: 333-282294


Form Type: F-1/A

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: New

Accession Number: 000121390025012113

Filing Summary: WF Holding Limited is filing an amendment to its initial registration statement to facilitate the public offering of 2,000,000 ordinary shares, with an expected price range of $4.00 to $6.00 per share. The company, incorporated in the Cayman Islands in March 2023, operates a wholly owned subsidiary, Win-Fung Fibreglass Sdn. Bhd., which manufactures fiberglass reinforced plastic (FRP) products. This IPO is intended to raise approximately $10 million, with proceeds allocated towards increasing production capacity and workforce, and expanding product offerings. Notably, the company has highlighted its commitment to sustainability, including investments to reduce carbon footprint. The offering is contingent on the successful listing of the shares on the Nasdaq Capital Market under the symbol 'WFF'. As part of the registration process, the company has complied with certain reduced reporting requirements for emerging growth companies and states that it will not utilize exemptions from corporate governance standards despite being classified as a controlled company. The underlying market for FRP in Malaysia is projected to grow, supported by recovery in manufacturing and construction sectors post-COVID.

Document Link: View Document

Additional details:

Initial Public Offering Price: 4.00 - 6.00


Number Of Shares Offered: 2,000,000


Management Experience Years: 24


Production Capacity Increase: 150%


Form Type: F-1/A

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002996

Filing Summary: WF Holding Limited is conducting its initial public offering (IPO) of 2,000,000 ordinary shares with an estimated price range of $4.00 to $6.00 per share. The company operates in the fiberglass reinforced plastic (FRP) industry, providing high-quality FRP products for various sectors such as chemical processing, wastewater treatment, and energy generation. Following a corporate reorganization completed in June 2023, WF Holding Limited acquired its wholly-owned subsidiary, Win-Fung Fibreglass Sdn. Bhd. The FRP market in Malaysia showed growth, and the Malaysian economy is expected to sustain positive growth, despite global demand variations. Post-offering, Lew Capital Private Limited will own approximately 63.5% of the company's shares, establishing it as a controlled company. The company aims to utilize 25% of the net proceeds from the IPO to acquire a new factory, enhancing its production capacity by 150%.

Document Link: View Document

Additional details:

Approximate Initial Public Offering Price: $5.000


Total Proceeds Before Expenses: $9,250,000


Underwriting Discounts And Commissions: $750,000


Number Of Shares Offered: 2,000,000


Stock Symbol: WFF


Controlled Company Percentage: 63.54%


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