From left: Choo Chee Yong, executive director of Powertechnic; Ivan Na Keh Chai, managing director; Ku Mun Fong, head of corporate finance of TA Securities Holdings Bhd; and Chin Wai Kit, assistant vice-president of corporate finance
PETALING JAYA: Powertechnic Group Bhd
expects to raise RM22.05mil in gross proceeds via an issuance of 63 million new shares at 35 sen a piece, en route to its listing on the ACE Market of Bursa Malaysia on Oct 28, 2025.
The firm, which specialises in the provision of crane and hoist systems, elevated platform systems and elevators, said at its prospectus launch it is embarking on the initial public offering (IPO) as it seeks to accelerate automation investments and market expansion in the lifting and handling equipment industry.
