PETALING JAYA: LPC Group Bhd, a construction group specialising in infrastructure and building works based in Malacca, made a stunning debut on the LEAP Market of Bursa Malaysia Securities by way of introduction today, opening at 40 sen per share, representing a 300% premium over its listing reference price of 10 sen.
The counter closed at 50 sen, 400% higher than the listing reference price.
Incorporated in 1987, the company’s wholly owned subsidiary, Lai Pau Construction Sdn Bhd, is a CIDB Grade G7 main contractor who undertake projects of unlimited contract value in Malaysia.
Over the years, LPC Group has completed more than 400 projects with a cumulative contract value exceeding RM900 million, comprising residential, commercial and industrial buildings as well as infrastructure works, primarily within Malacca.
As at Aug 31, 2025, the group’s unbilled order book stood at RM42.6 million, providing earnings visibility for the coming financial year. Moving forward, LPC intends to expand its geographical footprint beyond Malacca, targeting Johor and the Klang Valley; the two regions expected to benefit from ongoing infrastructure investments and robust private development activities.
As LPC’s listing was carried out by way of introduction, no new shares were issued or allotted in conjunction with the listing. Nevertheless, LPC raised RM3.8 million from pre-listing investors through a private placement at 10 sen per share prior to the listing. The proceeds are earmarked primarily for working capital to support project execution and to cover listing-related expenses.
The listing provides LPC with an enhanced corporate platform to strengthen its brand visibility, attract strategic partners, and position the group for future growth opportunities within Malaysia’s evolving construction sector.
Eco Asia Capital Advisory Sdn Bhd is the adviser for LPC’s listing on the LEAP Market.
