Kee Ming Group Berhad (“Kee Ming” or the “Company”), a mechanical and electrical (“M&E”) engineering solutions provider, is pleased to announce that the public portion of its initial public offering (“IPO”) has been oversubscribed by 54.16 times ahead of its listing on the ACE Market of Bursa Securities Malaysia Berhad (“Bursa Securities”) on 12 February 2026, reflecting solid investor confidence in the Group’s business fundamentals, execution track record, and growth prospects.
In summary, Kee Ming’s IPO comprises 82.88 million ordinary shares, consisting of a public issue of 66.63 million new shares and an offer for sale of 16.25 million existing shares (collectively, “IPO Shares”), structured as follows:
Public issue
- Malaysian public:
A total of 16.25 million shares, representing 00%of the enlarged issued share capital, were made available for application by the Malaysian public. - Eligible persons:
8.13 million shares, or2.50% of the enlarged issued share capital, were allocated to eligible directors and employees of Kee Ming, and persons who have contributed to the success of the Group. - Private placement to selected investors:
1.63 million shares, representing 0.50%of the enlarged issued share capital, were reserved for private placement to selected investors. - Private placement to Bumiputera investors:
40.63 million shares, or 12.50%of the enlarged issued share capital, were reserved for private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”).
Offer for sale
An offer for sale of 16.25 million existing shares, representing 5.00% of the enlarged issued share capital, by way of private placement to selected investors.
A total of 9,573 applications for 896.38 million IPO Shares were received by the Company from the Malaysian public, resulting in an overall oversubscription rate of 54.16 times. Specifically, a total of 4,540 applications for 228.34 million IPO Shares were received for the Bumiputera portion, representing an oversubscription rate of 27.10 times.
Meanwhile, a total of 5,033 applications for 668.04 million IPO Shares were received for the other Malaysian public portion, representing an oversubscription rate of 81.22 times.
Commenting on the strong response, Ir. Liew Kar Hoe, Non-Independent Executive Director and Managing Director of Kee Ming, said, “We are encouraged by the positive response from investors, which reflects their confidence in Kee Ming’s technical capabilities, project execution track record, and long-term growth strategy.
This support reinforces our commitment to strengthening our M&E engineering capabilities and positioning the Group for the next phase of growth following our listing.”
Kee Ming is scheduled to be listed on the ACE Market of Bursa Securities on 12 February 2026.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Sole Placement Agent and Sole Underwriter for this IPO, while Eco Asia Capital Advisory Sdn Bhd serves as Financial Adviser of the IPO.
