From Operating Company
to Listed Platform.
Exclusive Proposal — outlining 2 pathways to Bursa Malaysia.
Public listing is the single most powerful inflection point a Malaysian business owner controls.
It unlocks institutional capital. It builds a generational platform. It transforms enterprise value into recognised, tradeable wealth. It is also the single most professionally demanding exercise your management team will ever undertake.
Three futures.
The choice is yours.
6 – 9 months
12 – 18 months
live in parallel
The choice is yours. The work to get there is ours.
if you wait 12 months to start.
The three-year financial track record clock resets with every group restructuring.
Once the clock is reset, no amount of fee acceleration buys it back. Time, in this exercise, is the single least recoverable resource.
The companies that move now list in 2027.
The companies that wait list in 2029 — if at all.
Three ways
most companies get this wrong.
The failure modes are well-documented. They are also entirely avoidable with the right readiness function in place from day one.
Route A — Listing
via Shell Acquisition.
The fastest legal route to a Bursa ticker. We screen the market, identify the right vessel, negotiate the right price, and run the RTO with you.
What you have at the end
- A short-list of vetted, sector-appropriate Bursa-listed shell candidates
- Indicative commercial terms negotiated with a preferred vendor
- A Principal Adviser engaged on a scope and fee structure you control
- A regularisation plan and RTO submission in flight
How we get you there
- Screen the universe of PN17, GN3, and underperforming Bursa-listed entities against your criteria
- Produce a Preliminary Screening Memorandum for each viable target — financials, shareholding, regulatory matters, RPT exposure, price range
- Support vendor introductions, term-sheet negotiation, DD coordination, and submission preparation
Route B — IPO Readiness.
The traditional route, done right. Most companies attempt this with no dedicated readiness function and end up paying their Principal Adviser to do work that should have been completed 12 months earlier. We close that gap.
What you have at the end
- A defensible three-year audited track record meeting Bursa's profit or market-cap test
- A clean, restructured group entity ready for SC submission
- Governance, internal controls, and RPT clean-up complete
- Principal Adviser engaged, equity story refined, submission filed or imminent
- Cornerstone investor conversations underway
We sit on your side of the table —
and we get paid when you win.
No licence, no conflict.
We are deliberately not a Principal Adviser. We hold no CMS Licence. That is the point. We have zero incentive to push a submission you are not ready for. Our 1% success fee aligns us with your transaction closing — not with regulatory paperwork volume.
Operator perspective.
Senior operating experience inside Malaysian growth companies, including roles within Bursa-listed groups. We have sat in the management chair when the Principal Adviser walks in — and we know exactly which questions you wish someone had asked six months earlier.
Bursa fluency.
Active equity research and deal-screening practice across Main Market and ACE Market. Direct working relationships with Principal Advisers, reporting accountants, and corporate solicitors across Kuala Lumpur — engaged on commercial terms for your benefit, not for referral fees.
We work with a limited number of mandates per cycle. The work demands it.
A fee structure that aligns us with you.
The retainer covers the work that must happen before either pathway can close. The success fee — payable only on completion — represents the bulk of our compensation.
The math, in context
Shell acquisitions typically incur total professional fees of 3 – 6% of consideration. Our 1% sits alongside, not on top of, Principal Adviser fees.
IPOs typically incur total professional fees of 5 – 10% of gross proceeds. Our 1% is paid only on listing day.
If you don't close, we don't get paid the bulk of our fee. That is intentional.
Indicative 18-month roadmap.
What we need from you.
A real partnership needs commitment from both sides. We ask for clarity on four points.
- A single decision-making point of contact authorised to commit on commercial terms — CEO, CFO, or Executive Director.
- Timely access to financial records, group structure information, and key management for diagnostic work.
- Direct engagement of all licensed third parties — Principal Adviser, solicitors, reporting accountants, valuers — with Elysis coordinating.
- Monthly steering meetings throughout the engagement.
You get our full attention, our full network, and our full skin in the game.
The next thirty days.
One decision.
From this proposal to your first deliverable — three concrete commitments and one signature. The 2026 listing window does not stay open for delayed starts.
The working session.
At your offices or ours. 90 minutes. No fee, no obligation. You leave with a one-page Route assessment whether you proceed or not.
Engagement letter executed.
Formal terms reflecting the commercial structure herein. First retainer invoice issued. Diagnostic phase begins.
First deliverable on your desk.
Route A — a Preliminary Screening Memorandum on your first vetted shell candidate. Route B — a written diagnostic with restructuring roadmap.
By signing below, the Client confirms intent to proceed on the commercial terms outlined herein. The engagement letter will be executed within 7 days of this acknowledgement.
Steven Tan, Executive Director
Elysis Sdn Bhd