KUALA LUMPUR: Information technology (IT) solutions provider MM Computer Systems Bhd (MMCS) aims to raise RM26.18 million from its initial public offering (IPO) via its listing on the ACE Market of Bursa Malaysia Securities Bhd on June 11, 2026.
The IPO comprises a public issue of 119 million new shares priced at 22 sen per share, alongside an offer for sale of 47.34 million existing shares.
MMCS said the proceeds will primarily be used to support the expansion of the group’s project execution capabilities, including the procurement of IT hardware and software, workforce expansion, capability development and partial repayment of bank borrowings.
Managing director and chief executive officer Young Yoong Chang said enterprise IT environments are becoming increasingly complex and security-sensitive.
He said MMCS has been building its capabilities in IT infrastructure, networking, cybersecurity and IT outsourcing services over the past two decades to meet evolving industry requirements.
"As enterprise digitalisation and cybersecurity requirements continue to evolve, we believe MMCS is well-positioned to support increasingly sophisticated IT environments across both the public and private sectors,” he said at the launch of the company’s prospectus here today.
During a press conference after launch, Young said MMCS expects annual growth of about 20 per cent in both revenue and profit over the next two years.
He added that approximately RM37 million from the group’s order book is expected to be recognised in the financial year ending 2026, while the remaining balance would be recognised progressively through multi-year contracts running until 2029, depending on project delivery timelines.
Meanwhile, regarding the ongoing United States-Iran situation, head of business development Quah Soo Keat said higher hardware prices and inflationary pressures could affect operating costs.
"It may affect our costs, particularly in terms of hardware pricing, but our margins remain manageable,” he said.
Quah added that the company is able to pass on part of the higher costs to customers.
"Our customers understand the current market conditions, so the impact on our business is relatively manageable,” he said.
Operating through its wholly owned subsidiaries, Micro Technology Solution Sdn Bhd (MTS) and SMIND Sdn Bhd, MMCS provides enterprise IT infrastructure, networking and cybersecurity solutions for mission-critical operations.
Applications for the IPO open today and close on May 25, 2026, at 5 pm.
Malacca Securities Sdn Bhd is appointed as the principal adviser, sponsor, underwriter and placement agent for the IPO exercise, whereas SCS Global Advisory (M) Sdn Bhd is appointed as the corporate finance adviser. - Bernama
