Kainan Holding Group Ltd

What the company does

Kainan Holding Group Ltd is a one-stop workforce and human resources management solution provider focused on sourcing, recruiting, deploying and managing legally employed workforce for corporate customers. It mainly serves manufacturing, construction and service-based industries across Malaysia. The company generates revenue principally under service contracts in which it deploys casual and skilled temporary workers to customers' worksites, recognized over time based on attendance-confirmed work days or hours.

Use of proceeds

We plan to use the net proceeds as follows: (1) 40% for business expansion through workforce expansion and strategic growth; (2) 40% for technology, digital infrastructure, and systems upgrades; and (3) the remainder, if any, for general corporate purposes, including working capital.

Underwriters

Extracted from F-1/A 0001575872-26-000686, filed Oct 9, 2026 and verified against that filing text.

Key risk factors

• Share price volatility

  “The price of our ordinary shares may rapidly fluctuate or may decline regardless of our operating performance, resulting in substantial losses for investors.”

• Controlled company concentration

  “We are, and will continue to be, a “controlled company” within the meaning of Nasdaq rules, due to the fact that our Managing Director and Chief Executive Officer, Whitney Tan Ann Nee will own approximately 54.75% of the voting power of issued share capital, assuming no exercise of the underwriter’s over-allotment option.”

• Broad management discretion over proceeds

  “Our management will have broad discretion in the application of the net proceeds from this offering and, as a result, you will have to rely upon the judgment of our management with respect to the use of these proceeds.”

• Small public float

  “If a limited number of participants in this offering purchase a significant percentage of the offering, the effective public float may be smaller than anticipated and the price of our ordinary shares may be volatile which could subject us to securities litigation and make it more difficult for you to sell your shares.”