ACE Market-bound WTEC group targets 10% revenue growth for FY26

From left: WTEC Group Bhd non-independent non-executive director Eu Tiong Nam, WTEC group executive director Andy Tiow See Yen, WTEC group managing director Tan Kok Kheng, WTEC independent non-executive chairperson Teresa Tan Siew Kuan, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, Alliance Bank group chief corporate & institutional banking officer Teoh Chu Lin, Alliance Islamic Bank Bhd head / senior vice president, corporate finance, Islamic capital markets Tee Kok Wah.

KUALA LUMPUR: ACE Market-bound WTEC Group Bhd expects to increase its revenue by at least 10 per cent in the financial year ended Dec 31, 2026 (FY2026) compared to FY2024 by enhancing production capabilities using funds raised from its initial public offering (IPO).

 Group managing director Tan Kok Kheng said this would, however, depend on market conditions and the speed of the process of acquiring its new factory, which will be located either in Kajang or Semenyih, Selangor.