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Pioneer Heat Targets RM21.68 Million From ACE Market IPO to Fund Expansion

By Abigail Cheong3 min read

Kuala Lumpur, 12 August 2026 – Pioneer Heat Holdings Berhad has launched its prospectus for an initial public offering on Bursa Malaysia’s ACE Market, seeking RM21.68 million in gross proceeds to expand its operating footprint and specialised mechanical engineering capabilities.

The listing exercise comprises a public issue of 86.70 million new ordinary shares and an offer for sale of 17.35 million existing shares. Both components are priced at RM0.25 per share, bringing the total number of shares offered under the IPO to 104.05 million.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.