KUALA LUMPUR: ACE Market debutant Liftech Group Bhd is eyeing growth opportunities in Malaysia's expanding semiconductor, aerospace, and data centre sectors as the country continues to attract investment in advanced manufacturing and digital infrastructure.
In a statement today, Liftech managing director Bernard Ng said Malaysia's shift towards high-value manufacturing is creating opportunities for engineering companies with specialised capabilities, as industries increasingly require sophisticated, customised, and reliable lifting and material-handling solutions.
"We believe Liftech is well-positioned to support this transformation through our engineering expertise, proven track record and more than three decades of industry experience.
"We do more than supply lifting equipment. We work closely with our customers to engineer customised lifting and material handling solutions that improve productivity, enhance workplace safety and optimise operational efficiency," he said.
Ng said proceeds from the company's initial public offering (IPO) would support its next phase of expansion, including strengthening its presence in Penang, Malaysia's largest semiconductor manufacturing hub, and establishing a new operational facility in Kota Kinabalu to better serve customers in East Malaysia.
"Together with investments in new machinery and equipment, these initiatives will strengthen our engineering capabilities and position Liftech to capture opportunities arising from Malaysia's continued industrial transformation," he added.
As of May 10, 2026, the company had an unbilled order book of about RM41.6 million, providing near-term earnings visibility.
According to the statement, Liftech raised RM23 million through the public issue of 79.2 million new shares at an issue price of 29 sen each as part of its listing exercise, which also included an offer for sale of 15.8 million existing shares to selected investors by way of private placement.
Of the proceeds, RM13.8 million, or 59.8 per cent, will be used to repay bank borrowings incurred to acquire strategic operational facilities in Bukit Minyak, Penang, and Kota Kinabalu, Sabah.
Another RM1.7 million (7.5 per cent) will be used to purchase new machinery and equipment for its Taiping factory, RM1 million (4.4 per cent) for factory and office upgrades, RM2 million (8.7 per cent) for working capital, and the remaining RM4.5 million (19.6 per cent) for listing expenses.
At 10.43 am, Liftech shares were down three sen at 26 sen, with 27.27 million shares traded. The stock opened 1.5 sen lower at 27.5 sen.
-- BERNAMA
TAGS: Liftech, listing, growth, data centres, semiconductors, expansion
