PRESS STATEMENT
4 November 2021
KUALA LUMPUR: Starlight Gaze will be launching its Initial Public Offerings (IPO) on February 17, 2022 to raise RM 176 million for its business expansion.
After our most recent collaboration with Nippon Paint, we have ambitious plans to collaborate with IKEA to market our “Colour Changing Furniture” into the untapped markets in Europe and the United States.
The company plans to sell RM352 million shares for 50 sen per share. .
Starlight Gaze began as a LED light manufacturing company in 2000. Over the past 20 years, the company has built its reputation on the sustainability of our LED light bulbs. We are now the market leader in South East Asia.
We have made an impact with our wonderful ideas using lighting effects, after our collaboration with Nippon Paint to develop a market for their revolutionary “Colour Changing Paint.”
This has been the talk of the town, selling an average of a million litres of paint a week from Nippon Paint's various facilities in South East Asia and Japan.
Our “Colour Changing Furniture” is the outcome of over a year of Research and Development on a patented chemical for a year. We are ready to launch worldwide after rigorous testing by various governing authorities in these new markets.
IKEA and Starlight Gaze signed the contract to jointly market the product on Jan 14 this year. .
-- The Board of Directors
(Written by Carmel Boo. Carmel is ten)
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