KUALA LUMPUR: Automated test solutions firm THMY Holdings Bhd
aims to raise RM44.6 million via its initial public offering (IPO), ahead of its ACE Market listing on Bursa Malaysia Securities Bhd on Oct 23, 2025.
The IPO entails the issuance of 143.9 million new shares at an issue price of 31 sen per share.
Of these, 44.4 million shares are available for application by the Malaysian public, 23.5 million shares are allocated to eligible directors, employees and business associates, 53.8 million shares are placed out to selected investors, and 22.2 million shares are allocated to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
In addition, the exercise includes an offer for sale of 88.8 million existing shares via private placement to identified Bumiputera investors approved by MITI.
Of the total proceeds, THMY Holdings said 58.1 per cent will be allocated for the construction of a new factory, 11.7 per cent for the repayment of bank borrowings, 8.3 per cent for the purchase of machinery and equipment, 6.9 per cent for working capital, and 4.3 per cent for design and development as well as research and development.
Chief executive officer and executive director Ooi Can Nix said the new factory will be located about three kilometres from the company’s existing facility in the Batu Kawan Industrial Park, Penang.
"We have already signed the land agreement with Penang Development Corporation and are in the architectural design phase.
"The design is expected to be finalised in the next two quarters, followed by submission to the authorities,” he said at a press conference held in conjunction with the company’s prospectus launch here today.
Ooi said the group’s expansion plan was in response to growing demand for automated test solutions.
On overseas operations, he noted that Thailand remains THMY’s largest market in Southeast Asia.
"After the pandemic, many high-end manufacturers shifted into Thailand under the China Plus One strategy.
"We have been present in Thailand for more than 15 years, which gives us a strong reputation and enables us to provide more solutions and services there,” he said.
Ooi added that THMY Holdings is well-positioned to contribute meaningfully towards the government’s target of nearly RM1 trillion electrical and electronics (E&E) product exports by 2030 under the 13th Malaysia Plan.
The application for the public issue will close at 5pm on Oct 9, 2025.
Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, placement agent and sole underwriter for the IPO. - Bernama
