Mr. Choo Chee Yong 朱志荣先生, Executive Director of Powertechnic Group Berhad
Mr. Ivan Na Keh Chai 蓝启财先生, Managing Director of Powertechnic Group Berhad
Mr. Ku Mun Fong 古文方先生, Head of Corporate Finance of TA Securities Holdings Berhad
Mr. Chin Wai Kit 陈韦洁先生, Assistant Vice President of Corporate Finance of TA Securities Holdings Berhad
Powertechnic Group Berhad (“Powertechnic” or the “Company“) has officially launched its prospectus today as part of its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
With a 23-year track record, Powertechnic specializes in crane and hoist systems, offering solutions like engineering design, fabrication, installation, and maintenance. Its diverse products serve industrial, commercial, and residential markets in Malaysia and Singapore, highlighting strong in-house engineering and customization options under the “Powertechnic” brand.
Following the initial public offering (“IPO”) exercise, Powertechnic is expected to raise RM22.05 million via the issuance of 63.00 million new shares at the issue price of RM0.35 per share. The proceeds will be allocated in the following manner:
- RM4.50 million to set up new product showrooms and sales offices with storage space and marketing expenses;
- RM3.80 million for capital expenditure mainly for automated machines;
- RM2.80 million for repayment of bank borrowings;
- RM6.65 million for general working capital; and
- RM4.30 million for estimated listing expenses.
Mr. Ivan Na Keh Chai, Managing Director of Powertechnic Group Berhad commented, “The launching of our prospectus marks an exciting new chapter for Powertechnic. The IPO will empower us to enhance our production capabilities through automation for our fabrication processes, strengthen our market presence in new target areas such as Penang and Sarawak as well as Singapore and Indonesia, and reinforce our commitment to delivering reliable lifting systems. We are dedicated to driving sustainable growth and creating long-term value for our stakeholders.”
Mr. Choo Chee Yong, Executive Director of Powertechnic Group Berhad said, “The launch of our prospectus is a testament to the hard work and resilience of our team in building a sustainable and customer-centric business. With the IPO proceeds, we are not only expanding our footprint across Malaysia, but also investing in automation that will enhance our delivery capabilities and elevate the value we bring to clients. We look forward to entering this next phase with a clear focus on operational excellence and long-term growth.”
Mr. Ku Mun Fong, Head of Corporate Finance of TA Securities Holdings Berhad stated, “Powertechnic’s track record, business model, and experienced management team position it well for sustainable growth. We are delighted to support Powertechnic’s IPO journey. The Company’s strategic direction will enable it to seize opportunities in Malaysia’s growing construction and manufacturing sectors.”
The lifting and handling equipment industry in Malaysia is projected to experience long-term growth, with the manufacturing sector expected to grow at a CAGR of 6.5% from 2022 to 2030. General industrial machinery and equipment is anticipated to grow at a CAGR of 8.0% by 2027. Economic growth and demand from user industries like construction and manufacturing will drive this growth, benefiting companies like Powertechnic. Applications for Powertechnic’s Public Issue are open until 14 October 2025, with a listing on the ACE Market scheduled for 28 October 2025. The company’s market capitalization will be RM108.62 million based on an issue price of RM0.35 per share, totaling 310,337,000 shares.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO.