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Tuesday, 6 October 2026

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SKA Capital’s 168 Million-Share IPO Targets Malaysia’s Power-Infrastructure Cycle

SKA Capital’s proposed ACE Market IPO combines 168.08 million new shares with a 72.4 million-share offer for sale as it targets larger power projects.

By TLA AI Editor3 min read

Kuala Lumpur, 6 October 2026 – Power-infrastructure engineering group SKA Capital Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed ACE Market listing, advancing an initial public offering that will issue 168.08 million new shares and offer 72.4 million existing shares for sale.

Of the new shares, 44.78 million will be available to the Malaysian public and 8.96 million will be allocated to eligible persons. A further 111.94 million shares are planned for placement with Bumiputera investors approved by the Ministry of Investment, Trade and Industry, while 2.41 million will be placed with selected investors. The 72.4 million existing shares will also be placed with selected investors.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.