KUALA LUMPUR, 28 October 2025 — Powertechnic Group Berhad (“Powertechnic” or the “Company”) celebrated a strong debut on the ACE Market of Bursa Malaysia Securities Berhad today, with its shares opening at RM 0.40 per share, representing a 14.29 percent premium over its initial public offering (IPO) price of RM 0.35. The performance underscores investor confidence in the Group’s two-decade-long track record and its strategic push toward automation-driven growth.
Trading under the stock name “POWER” and stock code 0377, Powertechnic’s debut marks a milestone for Malaysia’s lifting and handling equipment sector, positioning the company as a catalyst for greater innovation and automation in industrial solutions.
A Proven Specialist with 23 Years of Engineering Expertise
Founded more than two decades ago, Powertechnic has evolved from a niche provider into a comprehensive systems integrator specializing in cranes, hoists, elevated platforms, and elevators. The Group’s end-to-end solutions encompass engineering design, fabrication, assembly, installation, commissioning, and long-term maintenance, serving a wide spectrum of industrial, commercial, and residential clients across Malaysia and Singapore.
Its self-developed “Powertechnic” brand is now synonymous with quality and reliability. With in-house engineering capabilities, the company has built a strong reputation for delivering customized lifting systems that align with evolving safety and performance standards, a key advantage as Malaysia’s construction and manufacturing sectors shift toward smarter, automated operations.
IPO Proceeds to Drive Expansion and Automation
Through the issuance of 63 million new shares, Powertechnic successfully raised RM 22.05 million in gross proceeds. The Group will strategically deploy the funds to strengthen its operational base and broaden market reach:
- RM 4.50 million — Establish new product showrooms and sales offices with integrated storage and marketing space.
- RM 3.80 million — Invest in automated machinery and production systems to enhance efficiency.
- RM 2.80 million — Repay existing bank borrowings to improve balance-sheet flexibility.
- RM 6.65 million — Support general working-capital needs for ongoing projects.
- RM 4.30 million — Cover listing-related expenses.
The proceeds will also accelerate the Group’s regional expansion strategy, particularly in Penang and Sarawak, where industrial growth and infrastructure demand are on the rise.
Leaders Optimistic About Growth Prospects
Powertechnic’s leadership expressed confidence that the listing will open a new chapter in its growth story.
“Today marks a defining milestone for Powertechnic,” said Mr. Teh Kee Sin, Independent Non-Executive Chairman of Powertechnic Group Berhad. “The positive market response reflects trust in our vision to elevate automation and expand into key regions such as Penang and Sarawak. With the IPO funds, we are well-positioned to scale our operations and deliver greater value to our stakeholders.”
Mr. Ku Mun Fong, Head of Corporate Finance at TA Securities Holdings Berhad, the company’s Principal Adviser, Sponsor, Underwriter, and Placement Agent — noted that the successful listing mirrors investor faith in Powertechnic’s fundamentals and future-ready business model.
“Powertechnic’s strong debut underscores the market’s recognition of its solid track record and experienced management team,” he said. “With its focus on automation and quality, the Group is poised to seize new opportunities in Malaysia’s construction and manufacturing sectors. We’re proud to have supported Powertechnic on this milestone journey.”
An Industry Ready for Modernization
Malaysia’s lifting and handling equipment sector is undergoing rapid transformation as industries modernize to meet higher efficiency and safety standards. Powertechnic’s investments in automation and local manufacturing capacity will be pivotal in supporting this shift, not only enhancing productivity but also reducing reliance on imported systems.
With industrial demand expanding and the government emphasizing domestic engineering capabilities under initiatives such as the National Industrial Master Plan 2030, Powertechnic’s listing arrives at a timely juncture. The company aims to leverage its ACE Market visibility to attract partnerships, talent, and contracts that align with Malaysia’s transition toward high-value industrialization.
