Empro Group, a Malaysia-based producer and distributor of surgical face masks and cosmetics, filed on Monday with the SEC to raise up to $5 million in an initial public offering.
The company produces and distributes health care products, as well as a variety of cosmetic and skincare products. Originally focused on cosmetics such as eyebrow pencils, it began producing surgical face masks, Covid-19 test kits, and related products upon the outbreak of the Covid-19 pandemic. The company retails its products through its website, its five physical outlets, and through third-party retailers.
The Shah Alam, Malaysia-based company was founded in 2005 and plans to list on the Nasdaq under the symbol EMPG. Spartan Capital Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
