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EcoSys Malaysia Targets RM39.34M in ACE Market IPO

By Business DeskEcoSys Malaysia Targets RM39.34M in ACE Market IPO

Industrial solutions provider EcoSys Malaysia aims to raise RM39.34 million through its Bursa Malaysia ACE Market IPO to fund expansion and debt repayment.

Industrial solutions provider EcoSys (Malaysia) Bhd is launching an initial public offering on Bursa Malaysia to raise RM39.34 million. The company specializes in ultra-high purity fabrication and abatement systems for the semiconductor industry.

IPO Details and Share Structure

The public offering involves new shares issued at a fixed price. Here is the breakdown of the share offering structure:

  • Total funds targeted: RM39.34 million
  • New shares issued: 145.70 million
  • Issue price per share: 27 sen
  • Enlarged share capital stake: 25.5%

Fund Allocation and Expansion Plans

Management has designated specific targets for the capital raised from the public offering. India represents a significant growth region, having contributed a major portion of the company revenue.

  • Abatement segment investment: RM17 million
  • Debt repayment: RM8 million
  • Operational and machinery upgrades: RM4.93 million
  • India market expansion: RM1.54 million
  • India revenue contribution in 2025: 35.1%

The remaining capital will cover working capital needs and listing expenses. M&A Securities Sdn Bhd acts as the principal adviser, sponsor, underwriter, and placement agent for the transaction.

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