MyDCD Bhd, an engineering services firm focused on mechanical, electrical, plumbing and fire protection (MEPF) integration for mission-critical facilities such as data centres, is planning to list on the ACE Market of Bursa Malaysia.
The company has yet to set its IPO price or indicate its expected market capitalisation. In its draft prospectus, MyDCD said proceeds from the listing will be used to support business expansion, including the recruitment and training of 25 additional project management and engineering staff, as well as the rental of extra office space. Funds will also be allocated for working capital, IT system enhancements and listing-related expenses. MyDCD currently operates from a 22,900 sq ft headquarters in Cyberjaya and employs 47 technical personnel.
Under the proposed public issue, MyDCD plans to issue 89.7 million new shares to the Malaysian public, 36 million shares to eligible persons, 50.7 million shares via private placement to investors, and 158.59 million shares to Bumiputera investors through private placement. The IPO will also include an offer for sale of 145 million existing shares, with all substantial shareholders selling part of their stakes.
Following the listing, the company’s largest shareholders — Ng Kok Hoong, Yew Kim Keong, Ng Gek Khoon and Datin Kwan Siew Peng — will collectively hold 61.16% of the enlarged share capital and will be subject to a six-month moratorium. Another group of shareholders, comprising Khairil Husni, Ngooi Siew Luan, Hon Mau Hoong and Wong Yoke Fang, who will collectively own 12.08%, have also voluntarily agreed not to dispose of their shares for six months.
Post-listing, Kok Hoong’s shareholding will be reduced from 27.49% to 20.14%, while Khairil Husni’s stake will fall from 5% to 3.66%.
MyDCD was incorporated in 2025 and later converted into a public company. Its operating business originates from DCD Technology, established in 2010, which MyDCD fully acquired in November 2025 via a conditional share sale agreement.
The company has secured several sizeable contracts in 2025, including RM184 million worth of jobs from Binastra Builders Sdn Bhd, a wholly owned subsidiary of Binastra Corp Bhd, for MEPF integration works at a new data centre in Cyberjaya. It is also involved in a Huawei-branded data centre project with a contract value of RM20.92 million.
For the financial year ended June 30, 2025, MyDCD reported revenue of RM372 million and a net profit of RM39.5 million, with Binastra Builders contributing about two-thirds of total revenue. Gek Khoon holds an 11% stake in ITP Cjaya Sdn Bhd, one of MyDCD’s top five revenue contributors during the year.
TA Securities Holdings Bhd is acting as principal adviser, sponsor, underwriter and placement agent for the proposed IPO.
