Ablycare IPO expected to solidify Sarawak’s position as leading hub for innovative business practices, says Deputy Minister

Tiang (centre) during the MOA signing between Ablycare, HM Track Deal, and Alpha-B Holdings at Taka Patisserie event space, Saradise on April 30, 2024.

KUCHING, April 30: Ablycare’s Initial Public Offering (IPO) is expected to drive further growth, attract investments, and solidify Sarawak’s position as a leading hub for innovative business practices and environmental stewardship, says Deputy Minister for Public Health, Housing and Local Government Michael Tiang.

Tiang said this in a press statement prior to witnessing the signing of a Memorandum of Agreement (MOA) between Sarawak’s Ablycare Bhd and HM Track Deal Sdn Bhd with Alpha-B Holdings Pte Ltd at Taka Patisserie event space, Saradise today.

“This partnership is not merely a business transaction; it is a bridge connecting Sarawak and Singapore, fostering a shared vision for progress and prosperity,” he said.


According to Tiang, the expansion plans of Ablycare into the Regional Comprehensive Economic Partnership (RCEP) region not aim to broaden the market reach of their product: Majestix, but also to contribute to the State’s global economic growth.

“This strategic move highlights the vast potential and dynamic capabilities of Sarawak’s entrepreneurial landscape,” Tiang added.

Ablycare is a paper manufacturing business specialising in facial tissues and toilet papers under the brand name, Majestix. — DayakDaily