Kuala Lumpur, 12 February 2026 – OGX Group Berhad (“OGX”), an established IT infrastructure solutions specialist with nearly two decades of industry experience, has launched its initial public offering (IPO) prospectus as it prepares for its listing on the ACE Market of Bursa Malaysia Securities Berhad on 12 March 2026, aiming to raise approximately RM52.5 million to fuel expansion and strengthen its position in Malaysia’s rapidly evolving digital ecosystem.
The IPO involves the issuance of 150.0 million new ordinary shares at an offer price of RM0.35 per share, representing 20.0% of the Company’s enlarged share capital of 750.0 million shares. The listing also includes an offer for sale of 75.0 million existing shares, equivalent to 10.0% of the enlarged share capital, through private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
The exercise positions OGX among the growing pipeline of technology-driven listings on Bursa Malaysia, reflecting increasing investor appetite for companies exposed to digital transformation, enterprise IT infrastructure, cybersecurity, and data centre ecosystems.
Strategic Deployment of IPO Proceeds to Drive Growth
OGX intends to strategically allocate the IPO proceeds to accelerate operational capacity, broaden its technology portfolio, and strengthen its long-term competitive positioning.
The largest portion of the proceeds, approximately 57.14%, will be used to acquire and renovate a new operational facility. This expansion will enable OGX to enhance service delivery, support larger enterprise deployments, and accommodate its growing technology infrastructure business.
A further 16.19% of the proceeds will be allocated for working capital, ensuring operational flexibility as the Company expands its market footprint and supports increasing demand from corporate clients.
In line with its growth strategy, OGX will channel 4.76% of the proceeds toward expanding its portfolio of IT infrastructure brands, reinforcing its brand-centric model, which enables the Company to partner with leading global technology vendors while delivering integrated infrastructure solutions to enterprise customers.
Additionally, 3.81% of the funds will be utilised to expand geographically into East Malaysia, unlocking new revenue streams in underserved markets, while 8.57% will be used to repay bank borrowings, strengthening the Company’s balance sheet and improving financial efficiency.
The remaining proceeds will cover listing-related expenses.
Positioned at the Heart of Malaysia’s Digital Transformation
OGX has evolved from its origins as an authorised distributor into a full-fledged IT infrastructure solutions specialist, delivering integrated services across networking, cybersecurity, and enterprise data centre infrastructure.
The Company’s brand-centric operating model enables it to leverage partnerships with 18 global technology brands, positioning OGX as a key enabler of enterprise digital transformation across multiple sectors.
Non-Independent Non-Executive Chairman Tan Ting Fong described the IPO as a defining milestone in OGX’s corporate journey.
“The launch of OGX’s IPO prospectus marks a defining chapter in our corporate journey, built on nearly two decades of dedication, technical depth and unwavering commitment towards excellence. Upon listing, we will further strengthen our execution capabilities, broaden our strategic partnerships, and drive sustainable earnings growth anchored by long-term value creation,” he said.
Executive Director and Managing Director Tan Suan Loong emphasised that OGX is well positioned to capitalise on Malaysia’s accelerating digital economy.
“With digital transformation accelerating across various sectors, we are ready for the next phase of growth. Guided by our strategic focus, we aim to empower the future while shaping Malaysia’s IT infrastructure industry,” he said.
Riding the Wave of Malaysia’s Technology and Data Centre Boom
OGX’s IPO comes at a time when Malaysia is experiencing a surge in digital infrastructure investment, driven by artificial intelligence adoption, enterprise cloud migration, cybersecurity demand, and rapid expansion of data centres across the region.
Malaysia has emerged as a key technology hub in Southeast Asia, attracting major investments from global technology giants, hyperscale cloud providers, and semiconductor companies.
Enterprise demand for secure, scalable IT infrastructure continues to grow, creating significant opportunities for infrastructure specialists such as OGX.
The Company’s ability to integrate hardware, software, and enterprise infrastructure solutions positions it to benefit from structural digitalisation trends across industries including financial services, manufacturing, healthcare, telecommunications, and government.
ACE Market Listing Reflects Strong Technology IPO Momentum
OGX’s upcoming ACE Market listing reflects broader momentum in Malaysia’s technology IPO segment, where investors are increasingly allocating capital to companies exposed to structural digital growth.
The ACE Market has become a key platform for emerging technology companies seeking capital to scale operations and accelerate innovation.
UOB Kay Hian (M) Sdn Bhd, which is serving as OGX’s principal adviser, sponsor, underwriter, and placement agent, expressed confidence in the Company’s growth prospects.
Chief Operating Officer Loo Chye Seong said OGX has demonstrated strong leadership and resilience in Malaysia’s IT infrastructure sector.
“We are confident OGX’s vision and capabilities will continue to unlock new opportunities as it embarks on its next phase of growth,” he said.
Public applications for the IPO opened on 12 February 2026 and will close at 5:00 p.m. on 2 March 2026, ahead of its targeted ACE Market debut on 12 March 2026.
Digital Infrastructure as a Long-Term Investment Theme
OGX’s listing highlights the increasing importance of digital infrastructure as a foundational pillar of Malaysia’s economic transformation.
As businesses adopt artificial intelligence, cloud computing, and advanced cybersecurity frameworks, demand for IT infrastructure solutions is expected to remain structurally strong.
For investors, OGX represents exposure to Malaysia’s long-term digital economy growth, supported by enterprise technology adoption, expanding data centre investments, and increasing cybersecurity requirements.
The IPO marks not only a corporate milestone for OGX—but also reflects Malaysia’s accelerating transition toward a technology-driven, digital-first economy.
