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WormingUp
FTA Broodstock Sdn Bhd (WormingUp) provide organic waste management services in the Kuching area. We specialise in breeding Black Soldier Fly (BSF) to deliver reliable and cost-effective solutions to our clients. With the rise of biotechnology and growing market demands, we have expanded our focus to supply high-quality BSF broodstock for various applications — including organic waste treatment, premium compost and fertiliser production, as well as sustainable protein sources. Our newly established facility in Asajaya will function as a BSF egg production centre, ensuring a consistent and high-standard supply of BSF eggs to meet customer needs.
FTA Broodstock Sdn Bhd (WormingUp) provide organic waste management services in the Kuching area. We specialise in breeding Black Soldier Fly (BSF) to deliver reliable and cost-effective solutions to our clients. With the rise of biotechnology and growing market demands, we have expanded our focus to supply high-quality BSF broodstock for various applications — including organic waste treatment, premium compost and fertiliser production, as well as sustainable protein sources. Our newly established facility in Asajaya will function as a BSF egg production centre, ensuring a consistent and high-standard supply of BSF eggs to meet customer needs.
MIN INVESTMENT
RM 2,000
MIN TARGET
RM 100,000
MAX TARGET
RM 500,000
DIVIDEND
Up to 50% of PAT shall be distributed as dividends for the first 3 years
SHARE TYPE
Ordinary Shares
SHARE PRICE
RM 1
VALUATION
RM 7,400,000
WormingUp is a Sarawak-based company that revolutionizes organic waste management through innovative black soldier fly (BSF) farming. Initially focused on sustainability and alternative protein, we are now specializes in supplying high-quality BSF products (eggs, dried larvae, compost) developed through R&D.
This approach transforms Malaysia's daily 15 million kilograms of organic waste into valuable resources for animal feed and organic farming, significantly reducing environmental impact and promoting a circular economy. Leveraging green technology and vertical insect farming, we have evolved and aim to become a leading supplier of high-quality BSF broodstock for diverse applications — including organic waste treatment, premium compost and fertilizer production, and sustainable protein sources.
Malaysia generates an estimated 15 million kilograms of organic waste daily. The current method of waste disposal is a linear approach, where materials are used once and then discarded at dumpsites. This leads to several environmental problems:
The waste composition in Malaysia as of 2012 shows organic waste as the largest component at 44.5%.
We offer ESG-driven solutions that directly address current environmental and operational challenges through black soldier fly (BSF) farming. By leveraging entomological biotechnology, we convert agricultural by-products—typically considered waste—into high-value resources, transforming an environmental challenge into a sustainable solution.
The process involves:
1. Waste Sourcing and Pre-processing: Obtaining and preparing organic waste.
2. BSF Treatment Facility:
3. Product Harvesting: BSF products, such as larvae, are harvested.
4. Larvae Refining and Animal Feeding: The harvested larvae are refined and used as high-quality animal feed.
This approach creates a circular economy where waste is transformed into valuable resources (BSF products like eggs and biofertilizer/frass).
We are located in East Malaysia, which gives us a significant advantage as part of 85% of the world's palm oil is found in Borneo (Source: WWF). This suggests proximity to a major source of agricultural waste that can be used as input.
With our technology, we develop diverse strains, each engineered for specific superior traits:
This specialised genetic approach ensures unparalleled efficiency and tailored solutions for various applications.
Our revenue model is straightforward, driven by two key products from our operations:
These are our primary income streams.
Our market potential is substantial, centered on Malaysia's extensive palm oil industry:
1. Operations (Community-Based Contract Farming): This is a collaborative model between FTA Broodstock and Contracted Farmers.
FTA Broodstock provides:
Contracted Farmers provide:
2. Revenue (Direct-to-Consumer Approach and Resource Alliance Model):
Direct-to-Consumer Approach:
Resource Alliance Model:
This involves a Joint Venture (JV) between FTA Broodstock, Strategic Investors, and Waste Generators.
3. Centralized Broodstock Production Plant:
Build a facility to supply eggs to all mills, ensuring consistent quality and supply
4. Decentralized Processing Production Line:
Implement decentralized processing to reduce transportation costs due to geographic dispersal.
5. Centralized Finishing and Packaging Plant:
Establish a centralized facility to manage product finishing and packaging, allowing for stringent quality control.
Community and Partnership: WormingUp boasts a diverse team of passionate Bornean youth and works alongside a range of high-profile stakeholders, including Shell, Hilton, UNDP, UNIMAS, Rainforest Trust, and more, signalling strong partnerships across environmental, academic, and corporate sectors.
Recognition & Public Engagement: WormingUp’s efforts have garnered media attention:
Fund Usage Timeline: The fund utilisation timeline is within 12 months
Director & Chief Financial Officer
Ts. Jeff, a Malaysian age 33 holds an MSc in Environmental Science and a BSc in Resource Chemistry. His professional qualifications include Certified Environmental Professional (CePSWaM), Registered Professional Environmental Technologist (MBOT), Project Management Professional (PMP), HRDF Certified Trainer (TTT), and ESG Professional (ESG-P).
Experience:
2015 - Present
2015 - Present
Education:
Master of Science (Environmental Science) | Universiti Sains Malaysia
Chief Technology Officer
Ts. Pei Chin, a Malaysian aged 32, holds an MSc in Entomology and a BSc in Resource Biotechnology. Her professional qualifications include an HRDF Accredited Trainer (TTT) and a Registered Professional Biotechnologist (MBOT). She brings seven years of experience in insect technology development and field work across Mauritius, China, and Malaysia.
Experience:
2015 - Present
2015 - Present
Education:
Master of Science (Entomology) | Universiti Malaysia Sarawak (UNIMAS)
Bachelor's Degree of Resource Biotechnology (Honours) | Universiti Malaysia Sarawak (UNIMAS)
Ordinary Shares
The Issuer intends to raise up to RM 500,000 in this fundraising exercise.
RM 100,000
RM 500,000
RM 1 per share
100,000 shares
500,000 shares
RM 2,000
Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
14 working days after the end of the Fundraising Period.
An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of the Shares and subject to review and / or amendment if required or deemed necessary by the Issuer and the ECF Platform.
The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, FTA Broodstock Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following:
The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting jeff@wormingup.com.
(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period
(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007
(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.
Dividend Policy
Up to 50% of PAT shall be distributed as dividends for the first 3 years after reserving sufficient funds for the next 12 months of operating expenses and ensuring adequate cash flow.
FTAB Company Profile CTC [Latest]
SSM
[06.08.2025] WormingUp_FTAB BUSINESS PLAN (Updated)
Business Plan
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RM 499,950
of RM 100,000
Min Target
RM 100,000
Max Target
RM 500,000
Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversified portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.
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This page is approved as a financial promotion by ATA PLUS Sdn. Bhd., which is authorized and regulated by the Security Commission of Malaysia. Deals that are up for investment are only offered to members of ata-plus.com on the basis of information provided by the companies concerned. ATA PLUS takes no responsibility for this information or for any recommendations or opinions made by the companies. For further information on this, please read our Term of Use.
RM 499,950
of RM 100,000
Min Target
RM 100,000
Max Target
RM 500,000
Min Investment
RM 2,000