PETALING JAYA: Ambest Group Bhd, an engineering support services provider specialising in precision machining, aims to raise approximately RM27.50 million through its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd on Feb 6, 2026.
The IPO involves the issuance of 110 million new shares at an issue price of 25 sen per share.
Of the total proceeds, Ambest said approximately RM12.0 million will be used to repay bank borrowings, primarily for the acquisition of its Factory 42A in Bayan Lepas, Penang.
A further RM3.9 million will be allocated for the purchase of new machinery, while about RM6.8 million has been earmarked for working capital requirements.
The remaining RM4.8 million will be used to cover listing-related expenses.
Managing director Tan Beng Beng said the company will continue to focus on its core precision machining business after listing, particularly in serving customers in the semiconductor industry.
"We will also continue to upgrade our quality standards, which have always been emphasised by our management, and this listing marks the beginning of our next chapter,” he told a press conference held in conjunction with the launch of the company’s prospectus here today.
Tan said Ambest’s expansion plans are anchored by Factory 42A, the group’s newly acquired production facility.
"This factory is intended to support new orders from new customers, as well as additional orders from our existing customers,” he said.
On the company’s next phase of growth, he said Ambest will focus on strengthening its internal capabilities, including obtaining additional certifications to prepare for its entry into more regulated industries.
"Currently certified under ISO 9001 and ISO 14001, the group is working towards further certifications, including ISO 13485, as part of its longer-term strategy,” he said.
Tan added that Ambest plans to acquire two additional advanced machines - a five-axis machine and a horizontal computer numerical control (CNC) machine - which are expected to increase overall production capacity by about four per cent.
The public issue portion of the IPO opens today and will close on Monday, Jan 27, 2026, at 5pm.
Malacca Securities is the principal adviser, sponsor, underwriter and placement agent for Ambest’s IPO, while WYNCORP Advisory Sdn Bhd serves as the corporate finance adviser for the exercise. - Bernama
