KUALA LUMPUR: Construction services provider SLGC Bhd, which debuted on the ACE Market yesterday, will focus on executing its existing projects effectively while continuing to replenish its order book, managing director Yong Zhen Lin says.
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.
“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 yesterday.
SLGC opened flat at 28 sen, matching its initial public offering (IPO) issue price, with an opening volume of 21.84 million shares. At 5pm, SLGC fell three sen to 25 sen, on volume of 83.7 million shares.
The group said that as at Aug 12, 2026, it had an unbilled order book of approximately RM1bil, providing earnings visibility up to the financial year ending Dec 31, 2030.
SLGC said it raised RM29.4mil from the public issue.
“Of the proceeds, RM9.2mil (31.4%) has been allocated for the purchase of construction machinery and equipment, RM7.6mil (25.7%) for the repayment of bank borrowings, RM500,000 (1.7%) for the upgrade of construction management software, RM7.5mil (25.5%) for general working capital and the remaining RM4.6mil (15.7%) will be utilised for estimated listing expenses,” it said.
On the financial front, the group said it recorded revenue of RM203.1mil for the six months ended June 30, 2026 with gross profit and profit after tax of RM28mil and RM7.2mil, respectively. — Bernama
