large number of corporate embracing cycling as a sustainable alternative to
commute will be a factor impacting the sales of bicycles in the next few years.
At a CAGR of 4.2%, the global market for bicycles will attain the revenue
approaching USD$80 billion during 2018-2026. The market was valued at around
USD$55 billion in 2017.
Source: Bikebiz (2019)
The e-bike market was
valued at USD$15.42 billion in 2019 and is expected to grow at a CAGR of 6.21%,
during the forecast period, 2020-2025.
Source: GlobeNewswire (2020)
Toys & Baby
The revenue in the Toys
& Baby segment amounted to USD$162m in 2020 and is expected to show a
Compounded Annual Growth Rate of 15.6% from 2020 to 2024, resulting in a market
revenue of US$290m by 2024.
In addition, the user
penetration is 6.1% in 2020 and is expected to hit 9.7% by 2024. The average
revenue per user (ARPU) currently amounts to USD$82.34.
Source: Statista (2020)
Consumers are unable to
get good quality bikes and toys at affordable prices.
PRC Bike and Toys aims
to become a specialty store chain and one stop solution for the Toys and Bike
market segment, where consumers are able to purchase their Toys and Bikes in a
specialised environment, with competitive pricing, expert guidance and satisfying
PRC Bike and Toys
ensures its employees are well qualified, honest, customer centric and ready to
build a great relationship with the customer, which in turn benefit the
business and all stakeholders.
●Own brand of bikes via OEM – high quality and
●Strong financial growth due to aggressive business
●Experienced management team.
●8 outlets are strategically located at hypermarkets
that have a high volume of shoppers.
fundraise amount: RM1,000,000.
Alternative scenario: Assuming
RM3 million is raised.
PRC Bike & Toys is
offering Redeemable Convertible Preference Shares (“RCPS”) to all potential
investors through CrowdPlus.asia platform. The RCPS offers interest at the rate
of 10% per annum on the Subscription Price for 3 years. The redemption premium is
30% upon maturity.
& Toys is led by a team of well-qualified professionals with extensive
Mr Ch’ng is the Founder & CEO of PRC Bike & Toys. He has 18 years of retail sales & service experience in
toys & bicycle industry, thus he is well known among local suppliers of the
industry. He oversees overall sales & operations of company and establish
good rapport with suppliers & manufacturers.
Khor Kok Wei, Chief Operating Officer (COO)
Mr Khor is the COO of PRC Bike & Toys. He has 5 years’
experience in toy industry coupled with 2 years exposure in mall management. In
PRC, he is in charge of logistics, delivery & staff management. Besides, he
establishes good relationships with the management of hypermarkets such as Tesco,
Aeon and Mydin.
Zing, Chief Financial
Tan is the CFO of PRC Bike & Toys. Prior to joining PRC Bike & Toys, he was a Retail
Manager to 46 outlets in one of the biggest garment company in Malaysia. He
acquired 4 years’ experience in the mall marketing field. In PRC, he manages
whole operations covering finance, oversees retail, marketing & business
planning for future expansion. Overall, he has 10 years’ experience in the
Ch’ng Wee Ping
Founder, Chief Executive
Khor Kok Wei
Chief Operating Officer
Tan Teik Zing
Chief Financial Officer
CORPORATE INFORMATION AT A GLANCE
-Company Name: PRC BIKE & TOYS SDN BHD
-Brand Name: PRC BIKE & TOYS
-Business Registration No.: 1308890-D
-Date of Incorporation: 27th December 2018
-Registered Address: 49th Taman Lumba Kuda, 11400 Ayer
Hitam, Pulau Pinang, Malaysia
-Business Operation Address: No 5, Lorong saga Jaya 5, Taman
Perindustrian Saga Jaya, 13600 Perai, Penang.