KUALA LUMPUR: ACE Market debutant Liftech Group Bhd is eyeing growth opportunities in Malaysia’s expanding semiconductor, aerospace, and data centre sectors as the country continues to attract investment in advanced manufacturing and digital infrastructure.
Shares of the crane manufacturer debuted at 27.5 sen yesterday, below its initial public offering (IPO) price of 29 sen per share.
At 5pm, Liftech slipped five sen to 24 sen.
In a statement, Liftech managing director Bernard Ng said Malaysia’s shift towards high-value manufacturing is creating opportunities for engineering companies with specialised capabilities, as industries increasingly require sophisticated, customised, and reliable lifting and material-handling solutions.
“We believe Liftech is well-positioned to support this transformation through our engineering expertise, proven track record and more than three decades of industry experience.
“We do more than supply lifting equipment.
“We work closely with our customers to engineer customised lifting and material handling solutions that improve productivity, enhance workplace safety and optimise operational efficiency,” he said.
Ng said proceeds from the company’s IPO would support its next phase of expansion, including strengthening its presence in Penang, Malaysia’s largest semiconductor manufacturing hub, and establishing a new operational facility in Kota Kinabalu to better serve customers in Sabah and Sarawak.
“Together with investments in new machinery and equipment, these initiatives will strengthen our engineering capabilities and position Liftech to capture opportunities arising from Malaysia’s continued industrial transformation.”
As of May 10, 2026, the company had an unbilled order book of about RM41.6mil, providing near-term earnings visibility.
According to the statement, Liftech raised RM23mil through the public issue of 79.2 million new shares at an issue price of 29 sen each as part of its listing exercise, which also included an offer for sale of 15.8 million existing shares to selected investors by way of private placement.
Of the proceeds, RM13.8mil, or 59.8%, will be used to repay bank borrowings incurred to acquire strategic operational facilities in Bukit Minyak, Penang, and Kota Kinabalu, Sabah.
Another RM1.7mil (7.5%) will be used to purchase new machinery and equipment for its Taiping factory, RM1mil (4.4%) for factory and office upgrades, RM2mil (8.7%) for working capital, and the remaining RM4.5mil (19.6%) for listing expenses.
M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for the IPO, while Wyncorp Advisory Sdn Bhd is the corporate finance adviser. —Bernama