KUALA LUMPUR, 3 February 2026 — Whitman Holdings Berhad (“Whitman” or the
“Company”), a provider of holistic financial planning and retirement-focused wealth
advisory solutions, is pleased to announce that it has received approval from Bursa
Malaysia Securities Berhad for the admission of the Company to the LEAP Market, and
for the listing and quotation of its entire issued share capital. The Company’s proposed
listing on the LEAP Market is advised by WYNCORP Advisory Sdn Bhd, which also serves
as Whitman’s Approved Adviser and Continuing Adviser.
Upon listing, Whitman will have an issued share capital of 200.0 million ordinary shares,
with a listing reference price of RM0.10 per share, translating into an indicative market
capitalisation of approximately RM20.0 million. The listing will be implemented by way
of introduction and does not involve any fund-raising exercise.
Yap Ming Hui, Managing Director of Whitman Holdings Berhad, said, “Receiving Bursa
Malaysia’s approval to list on the LEAP Market is a significant milestone for Whitman. It
reflects the resilience of our business model, our disciplined growth over more than two
decades, and the trust we have built with our clients. With the support of WYNCORP as
our Approved Adviser, this listing enhances our corporate profile and positions us well
to pursue our next phase of growth while continuing to deliver long-term value to our
clients and stakeholders.”
Whitman’s operating subsidiary, Whitman Independent Advisors Sdn Bhd, has
demonstrated consistent financial performance. For the financial year ended 31
December 2024, the Group recorded a profit after tax of approximately RM1.65 million,
translating into earnings per share of about 0.83 sen based on the enlarged share base.
In addition, the Group has achieved significant scale in assets under advice, surpassing
RM1.0 billion in 2024, underscoring its strong client base and trusted advisory
positioning in Malaysia’s wealth management landscape.
According to the Independent Market Research Report prepared by Datametrics
Research and Information Centre (DARE), Malaysia’s financial planning and wealth
advisory industry is supported by favourable long-term fundamentals. Structural trends
such as Malaysia’s ageing population, rising life expectancy, increasing household
wealth, and heightened awareness of retirement adequacy are driving sustained
demand for professional, retirement-focused financial advisory services. The report also
highlights a continued industry shift towards fee-based advisory models, which provide
greater earnings visibility and favour established advisory firms with strong compliance
frameworks, experienced licensed representatives and a track record of client trust.
With its LEAP Market listing, Whitman aims to further enhance its corporate standing,
strengthen client confidence, and establish a stronger platform to support future
business expansion, talent development and service innovation, while maintaining a
disciplined and sustainable growth approach.