PETALING JAYA: Malaysia-based turnkey solutions provider Sum Technology Bhd is banking on growth opportunities arising from the Philippines’ expanding data centre (DC) industry, following its RM32.8mil initial public offering (IPO) exercise, scheduled to debut on June 18, 2026.
Executive director and chief executive officer of Sum Technology Lee Thiam Hing said: “The Philippines stands as our primary overseas market, contributing significantly to our trading revenue, alongside our local market. In which case, it has perfectly positioned us at the heart two explosive global trends, namely semiconductors and DCs.”
Sum Technology yesterday officially launched its prospectus in conjunction with its IPO and proposed listing on the ACE Market of Bursa Malaysia.
Lee said its IPO funds will be directed towards the group’s manufacturing capabilities expansion while strengthening its regional presence in Malaysia and the Philippines.
“As part of our IPO strategy, we are establishing a local office in Manila to serve as our regional hub for project management and client engagement,” Lee said.
“We see an opportunity to address market demand by leveraging our core expertise in engineering solutions for air-conditioning systems and environmental control, while also providing project management and client engagement services,” Lee told reporters at the press conference yesterday, adding that contracts in the Philippines are denominated in US dollars.
