ACE Market-Bound SBS Nexus to Raise RM30.63m from IPO
ACE Market-bound SBS Nexus to Raise RM30.63mil from IPO
SBS Nexus Holdings Bhd, en route to a listing on Bursa Malaysia’s ACE Market, is set to raise RM30.63 million through its initial public offering (IPO), as the group seeks to fund business expansion and strengthen its operational capabilities.
According to its prospectus, the IPO will involve the issuance of new ordinary shares, alongside an offer for sale of existing shares, with the proceeds primarily earmarked for capital expenditure, working capital requirements and partial repayment of borrowings. The listing is expected to enhance the group’s corporate profile while providing access to capital markets to support future growth.
SBS Nexus is principally engaged in specialised engineering and technology-related services, catering to a diversified client base across industrial and infrastructure segments. The company has positioned itself to benefit from sustained demand driven by industrial upgrades, digitalisation initiatives and ongoing infrastructure development in Malaysia.
Management said the ACE Market listing would provide a stronger platform to scale operations, invest in advanced capabilities and pursue new business opportunities, both domestically and regionally. Part of the IPO proceeds will also be allocated towards expanding its workforce and enhancing internal systems to improve operational efficiency.
The IPO comes amid a cautiously improving sentiment for smaller-cap listings, as investors selectively return to growth-oriented companies with clear earnings visibility and sector exposure. Market observers note that while volatility remains, well-structured offerings with defined use of proceeds continue to attract interest on the ACE Market.
Upon listing, SBS Nexus aims to strengthen its balance sheet and improve financial flexibility, enabling it to better navigate cost pressures and cyclical demand fluctuations. The company’s prospects will be closely watched as it transitions into a publicly listed entity.
