Express Powerr to raise RM36mil from listing

From left: Express Powerr Solutions (M) Bhd non-independent executive director Rosli Jonid, Express Powerr managing director Lim Cheng Ten, Express Powerr independent non-executive chairman Datuk Mohd Redza Shah Abdul Wahid, Mercury Securities Sdn Bhd director Jamieson Chew Yen Loong and Mercury Securities head of corporate finance Eric Chong Soo Keng.

KUALA LUMPUR: Generator rental services provider Express Powerr Solutions (M) Bhd, which is en route to be listed on the ACE Market of Bursa Malaysia on Sept 24, 2025, is expected to raise RM36mil via its upcoming initial public offering (IPO).

The IPO price is fixed at 20 sen per share, giving the company a market capitalisation of RM186.9mil upon listing, based on an enlarged issued share capital of 934.4 million shares.