Ace market-debutant kee ming group bhd: Kee Ming Group Bhd, which recently made its debut on the ACE Market, is setting its sights on significant growth in several key sectors over the coming years. The company plans to focus on renewable energy (RE), interconnection facilities, high-voltage (HV) data centre development, and the design and build of industrial projects.
According to BERNAMA News Agency, managing director Liew Kar Hoe emphasized the company's eagerness to seize opportunities in these sectors, particularly in East Malaysia, with a spotlight on Sarawak. Liew noted that East Malaysia presents an attractive market, with a burgeoning demand for RE-related, industrial, and commercial projects, especially in Kuching, Sarawak.
Kee Ming Group intends to strategically select projects to maximize potential benefits from uptrends in these sectors nationwide. Liew revealed that the company's unbilled order book was valued at RM176 million as of December 2025. He expressed optimism about securing additional orders in the coming year, driven by the growing demand across these sectors.
The company's stock debuted on the ACE Market of Bursa Malaysia at 79 sen, marking a 107.89 percent increase over its initial public offering (IPO) price of 38 sen, with 15.51 million shares traded. Liew highlighted that the funds raised will enable Kee Ming to undertake larger and more complex projects across various segments, including electrical, air-conditioning and mechanical ventilation, fire protection, and solar-related projects, while maintaining a commitment to delivering safe, reliable, and high-quality engineering solutions.
Kee Ming announced it raised approximately RM25.32 million through its IPO by issuing 66.63 million new ordinary shares. Of the proceeds, RM13 million is allocated for project working capital, RM4 million for performance bonds, RM1.72 million for expanding its project team, and RM1 million for an enterprise resource planning system. Additionally, RM0.6 million is earmarked for general working capital, and RM5 million will be used to cover fees and expenses related to the IPO exercise.