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Neutrans Inc., a British Virgin Islands holding company, operates through its Malaysian subsidiary Neutrans Malaysia, providing fiber-optic infrastructure services including fiber core leasing, fiber duct sales, IRU agreements, and operation and maintenance in Cyberjaya, Malaysia. The company owns approximately 80 km of fiber ducts and holds NFP and NSP licenses authorizing it to own, lease, and install fiber-optic infrastructure. For the fiscal years ended March 31, 2025 and 2024, it generated revenue of RM11,666,991 (US$2,632,444) and RM7,286,585 (US$1,644,085), respectively, with net income of RM6,143,889 (US$1,386,257) and RM1,949,668 (US$439,907). For the six months ended September 30, 2025 and 2024, revenue was RM5,696,208 (US$1,353,662) and RM1,892,396, with net income of RM2,095,898 (US$498,074) and RM477,213. Fiber core leasing and fiber duct sales contributed 94.1% and 84.9% of FY2025 and FY2024 revenue, respectively. Neutrans is offering 3,750,000 Class A Ordinary Shares at an estimated price of $4.00 to $6.00 per share, aiming to raise approximately $12.6 million to $18.4 million in net proceeds (assuming no over-allotment). Proceeds will be used 80% for expanding the fiber-optic network to Kuala Lumpur, Petaling Jaya, and Shah Alam, and 20% for working capital. The company seeks Nasdaq listing under 'NEUT' to fund geographic expansion, leverage its first-mover advantage in Cyberjaya, and capitalize on Malaysia's growing data center and 5G demand as an emerging growth company and foreign private issuer.
Offering Amount
$25.9M
Shares Offered
500,000,000
Price Range
$4.00 – $6.00
Issuer Type
Shares Offered
3,750,000
Offering Amount
$15,000,000 (base); $17,250,000 (full overallotment)
Price Range
$4.00 to $6.00
Share Type
Class A Ordinary Shares
Exchange
Nasdaq Capital Market
Ticker
NEUT
Use of Proceeds: 80% for expanding geographic reach of fiber-optic network to Kuala Lumpur, Petaling Jaya, and Shah Alam; 20% for working capital and other general corporate purposes.
Fiber-optic infrastructure provider based in Cyberjaya, Malaysia, offering fiber core leasing, fiber duct sales, IRU agreements, and operation and maintenance services supporting high-bandwidth applications.