KUALA LUMPUR: Building construction services provider SLGC Bhd, which debuted on the ACE Market today, will focus on executing its existing projects effectively while continuing to replenish its order book, managing director Yong Zhen Lin said.
He said SLGC has a sizeable tender book mainly in the industrial segment, where continued investments in manufacturing, logistics, data centres and other facilities are creating new construction opportunities.
He said demand for design-and-build services for these new industrial buildings is increasing, and this plays to the group’s strengths.
"As we enter our next phase of growth, we remain disciplined in how we grow and deploy our resources.
"Our aim is not only to expand the business, but to strengthen SLGC’s foundation and build sustainable value for our shareholders over the long term,” he said in a statement today.
The group said that as at Aug 12, 2026, it has an unbilled order book of approximately RM1.00 billion, providing earnings visibility up to the financial year ending Dec 31, 2030.
SLGC opened flat today at 28 sen, matching its initial public offering (IPO) issue price, with an opening volume of 21.84 million shares.
SLGC said it raised RM29.4 million from the public issue.
"Of the proceeds, RM9.2 million (31.4 per cent) has been allocated for the purchase of construction machinery and equipment, RM7.6 million (25.7 per cent) for the repayment of bank borrowings, RM500,000 (1.7 per cent) for the upgrade of construction management software, RM7.5 million (25.5 per cent) for general working capital and the remaining RM4.6 million (15.7 per cent) will be utilised for estimated listing expenses,” it said.
On the financial front, the group said it recorded revenue of RM203.1 million for the six months ended June 30, 2026 (1H 2026) with gross profit and profit after tax of RM28 million and RM7.2 million, respectively.
"For the second quarter ended June 30, 2026, the group recorded revenue of RM93.1 million with gross profit of RM12.4 million and profit after tax of RM3.1 million,” it said.
M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the initial public offering (IPO) exercise.
At 11.53 am, SLGC shares eased three sen to 25 sen, with 65.13 million shares traded. - Bernama
