KUALA LUMPUR, 23 October 2025 – THMY Holdings Berhad (“THMY”), an automated test solutions provider for the electrical and electronics (E&E) industry, made an impressive debut on Bursa Malaysia’s ACE Market, opening at RM0.80 per share, a 158.1% premium over its IPO price of RM0.31.
The strong performance underscores investors’ confidence in THMY’s innovation-led growth strategy, with the IPO raising RM44.6 million to fund its new factory expansion, automation, and R&D investments.
Strong Market Debut Reflects Investor Confidence
Listed under the Technology sector with the stock code 0375, THMY’s shares opened with an initial trading volume of 46.3 million. The IPO, comprising 143.9 million new shares and 88.8 million existing shares was oversubscribed 35.6 times, reflecting robust demand from the investment community.
Proceeds from the public issue will be allocated as follows:
- RM25.9 million for the construction of a new factory and partial land acquisition;
- RM5.2 million for repayment of bank borrowings;
- RM3.7 million for purchase of machinery and equipment;
- RM3.1 million for working capital;
- RM1.9 million for R&D and design initiatives; and
- The remaining amount to defray listing expenses.
Strengthening Capacity and Innovation
Executive Director and CEO, Ooi Can Nix, said the listing marks a defining milestone for the Group’s next phase of growth.
“The successful listing of THMY is a testament to our team’s dedication and the confidence of our stakeholders. With the IPO proceeds, we will strengthen our production capacity, invest in automation and innovation, and expand our market reach both domestically and regionally, said Ooi.
The funds raised will accelerate THMY’s expansion, enhance its technological capabilities, and position the company as a key player in Malaysia’s growing E&E ecosystem.
Vision for Long-Term Growth
During the listing ceremony, Independent Non-Executive Chairman, Dato’ Dr. Mohd Sofi bin Osman, highlighted the IPO’s success as “the beginning of THMY’s next, most exciting chapter,” noting that investor confidence reflects faith in the company’s mission to power Malaysia’s semiconductor and automation landscape.
He added that the gong strike symbolised not a conclusion, but “a starting pistol for new opportunities,” reaffirming THMY’s ambition to become a trusted global partner in automated testing solutions.
IPO Partners
Affin Hwang Investment Bank Berhad acted as the Principal Adviser, Sponsor, Sole Placement Agent, and Sole Underwriter for the IPO.
