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Friday, 23 October 2026

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KEB Berhad Targets RM48.49 Million IPO Ahead of ACE Market Listing on 16 November

KEB Berhad plans to raise RM48.49 million through its ACE Market IPO at 35 sen per share, supported by six developments with an estimated GDV of RM1.74 billion.

By Abigail Cheong4 min read

Kuala Lumpur, 23 October 2026 – Malaysian property developer KEB Berhad launched its initial public offering (IPO) prospectus on Friday, seeking to raise RM48.49 million through the issuance of 138.54 million new shares at 35 sen each, ahead of its scheduled listing on Bursa Malaysia Securities Berhad’s ACE Market on 16 November 2026. The company plans to use the proceeds to expand its landbank, finance property developments and reduce bank borrowings.

For investors, the proposed listing offers exposure to a property developer with more than two decades of operating experience, in-house construction capabilities and six ongoing and future developments carrying a combined estimated gross development value (GDV) of RM1.74 billion. The IPO will provide additional funding for expansion, although the eventual returns will depend on project execution, property demand and the conversion of development plans into completed sales.

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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.