KUALA LUMPUR: ACE Market-bound Kee Ming Group Bhd’s public portion of its initial public offering (IPO) was oversubscribed by 54.16 times ahead of its Feb 12, 2026 listing.
The mechanical and electrical (M&E) engineering solutions provider’s IPO comprises 82.88 million ordinary shares, consisting of a public issue of 66.63 million new shares and an offer for sale of 16.25 million existing shares.
In a statement, Kee Ming said it received a total of 9,573 applications for 896.38 million IPO shares from the Malaysian public, resulting in an overall oversubscription rate of 54.16 times.
A total of 4,540 applications for 228.34 million IPO shares were received under the Bumiputera portion, representing an oversubscription rate of 27.10 times.
Meanwhile, 5,033 applications for 668.04 million IPO shares were received for the other Malaysian public portion, translating into an oversubscription rate of 81.22 times.
“We are encouraged by the positive response from investors, which reflects their confidence in Kee Ming’s technical capabilities, project execution track record, and long-term growth strategy.
“This support reinforces our commitment to strengthening our M&E engineering capabilities and positioning the group for the next phase of growth following our listing,” non-independent executive director and managing director Liew Kar Hoe said.
TA Securities Holdings Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO, while Eco Asia Capital Advisory Sdn Bhd serves as financial adviser of the IPO.
