Kuala Lumpur, 8 April 2026 – MM Computer Systems Berhad (MMCS) has taken a decisive step towards its listing on Bursa Malaysia’s ACE Market after signing an underwriting agreement with Malacca Securities Sdn Bhd, signalling the transition from preparation to execution in its initial public offering (IPO) journey.
The proposed IPO will see MMCS issuing 119.00 million new ordinary shares, alongside an offer for sale of 47.34 million existing shares, positioning the Group to capitalise on Malaysia’s growing demand for IT infrastructure and cybersecurity solutions.
Malacca Securities has been appointed as Principal Adviser, Sponsor, Underwriter and Placement Agent for the exercise, while SCS Global Advisory (M) Sdn Bhd will act as Corporate Finance Adviser.
The IPO structure reflects a balanced allocation strategy aimed at both retail and institutional investors. Of the 119.00 million new shares to be issued, 28.35 million shares will be made available to the Malaysian public, with an equal portion reserved for eligible directors, employees and contributors to the Group. A further 38.77 million shares will be placed with selected investors via private placement, while 23.53 million shares are earmarked for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
In addition, the 47.34 million existing shares offered for sale will be entirely placed out to MITI-approved Bumiputera investors, with proceeds accruing directly to the selling shareholders.
Following the completion of the IPO, MMCS will have an enlarged issued share capital of 567.00 million shares, strengthening its capital base as it prepares for its next phase of growth.
Managing Director and Chief Executive Officer Young Yoong Chang described the underwriting agreement as a critical milestone in the Group’s listing journey.
“The signing of this underwriting agreement represents a definitive step forward as we move into the execution phase of our IPO. With the structure now firmly in place, we are progressing in a disciplined manner towards our prospectus launch and subsequent listing stages,” he said.
Proceeds raised from the public issue will be channelled towards strategic expansion initiatives, including procurement of IT hardware and software, workforce expansion, capability development, repayment of bank borrowings, and listing-related expenses.
With over 22 years of operating track record, MMCS has established itself as a key IT solutions provider in Malaysia through its subsidiaries, Micro Technology Solution Sdn Bhd and SMIND Sdn Bhd. The Group specialises in delivering end-to-end IT infrastructure, networking, cybersecurity solutions and IT outsourcing services to government-linked companies and corporate enterprises.
For investors, MMCS’s listing comes at a time when digital transformation and cybersecurity are becoming critical priorities across both public and private sectors. The Group’s positioning within these high-growth segments could offer exposure to Malaysia’s broader digital economy expansion.
As Bursa Malaysia continues to attract technology-driven listings on the ACE Market, MMCS’s IPO reflects a sustained pipeline of mid-cap tech players seeking capital to scale operations and capture regional opportunities.
