KUALA LUMPUR, Sum Technology Bhd, an engineering solutions provider for controlled and technical environments, plans to raise funds through an ACE Market listing to expand its Malaysian operations and establish a new office in the Philippines, its largest overseas market.
According to its draft prospectus filed with Bursa Malaysia, proceeds from the proposed public issue of 117 million shares will also go toward strengthening design and development capabilities, enhancing competitiveness, and meeting working capital needs.
Sum Technology offers design-and-build solutions for cleanrooms, controlled environments, and mechanical, electrical, process utilities, and firefighting (MEPF) systems. It also manufactures and trades air handling units (AHUs) and solar photovoltaic panels.
The company operates across Malaysia, the Philippines, Taiwan, Indonesia, Singapore, Australia, Bangladesh, and India. Malaysia contributed 68.59% (RM35 million) of its FY2024 revenue, while the Philippines accounted for 19.48% (RM10 million).
For the financial year ended Dec 31, 2024 (FY2024), Sum Technology reported a net profit of RM5.39 million on revenue of RM51.35 million, with a profit margin of 10.5%, up from 5.8% in FY2023. As of Aug 31, 2025, its order book stood at RM36.85 million.
The new issuance represents 26% of the company’s enlarged share capital, with pricing to be determined later. Of the 117 million shares, 22.5 million will be offered to the Malaysian public, 4.5 million to eligible individuals, 33.75 million to selected investors, and 56.25 million to Bumiputera investors approved by the Investment, Trade and Industry Ministry — both via private placements. Malacca Securities has been appointed as the principal adviser, sponsor, underwriter, and placement agent for the IPO.
