KUALA LUMPUR: THMY Holdings Bhd
has appointed Affin Hwang Investment Bank Bhd (AHIBB) as the sole underwriter for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia, targeted for the fourth quarter of 2025.
THMY, through its subsidiary, provides automated test solutions for electrical and electronic (E&E) products, as well as industrial automation solutions and maintenance and repair services.
In a statement today, executive director and chief executive officer (CEO) Ooi Can Nix said the group aims to build on its core strength in automated test solutions to expand its market share, supported by rising demand for E&E products, generative artificial intelligence (AI), data centres and digital infrastructure.
"In response to these opportunities, we are executing a focused plan by expanding our customer base, penetrating new high-growth segments and constructing a new factory with additional assembly workstations to scale our production capacity,” he said.
He said that the group is also strengthening its solution offerings through continuous innovation, design, research and development investments, and the integration of smarter, more efficient automation technologies.
Ooi added that THMY plans to construct a new factory along with additional assembly workstations to increase production capacity.
The IPO will comprise a public issue of 143.9 million new shares and an offer for sale of 88.8 million existing shares.
Of the new shares, 44.4 million will be offered to the Malaysian public, 23.5 million to eligible directors, employees and business associates, 53.8 million to selected investors via private placement, and 22.2 million to Bumiputera investors approved by the Investment, Trade and Industry Ministry (MITI).
The offer shares, representing 10 per cent of the enlarged issued share capital, will also be placed with Bumiputera investors approved by MITI.
Affin Hwang Investment Bank is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO. - Bernama
