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Monday, 19 October 2026

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Pioneer Heat Signs Underwriting Agreement for ACE Market IPO

By Abigail Cheong4 min read

Kuala Lumpur, 21 July 2026 – Pioneer Heat Holdings Berhad has signed an underwriting agreement with Malacca Securities Sdn. Bhd., marking another milestone in its proposed listing on the ACE Market of Bursa Malaysia Securities Berhad as the mechanical engineering services provider prepares to strengthen its operational capacity and expand its regional footprint.

The underwriting agreement advances Pioneer Heat’s initial public offering (IPO), which is designed to support the Group’s long-term growth strategy through investments in new facilities, additional equipment and expanded engineering capabilities across Malaysia.

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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.