PENANG: AMS Advanced Material Bhd has received approval for its listing on the ACE Market of Bursa Malaysia.
Following its listing, AMS Advanced Material’s IPO comprises 160 million shares—113 million new shares and 47 million existing shares—representing about 26% of its enlarged share capital of 612.01 million shares.
50.74 million shares will be offered via private placement to selected investors, and 76.50 million shares will be allocated to approved Bumiputera investors.
30.60 million shares will be made available to the Malaysian public, with the remaining 2.16 million shares reserved for application by eligible directors and employees.
AMS Advanced Material managing director Keh Teng Yang said the company is humbled to have received approval for the listing on the ACE Market, marking an important milestone in its journey towards becoming a public listed company.
“With nearly two decades of experience in supplying and processing semi-finished aluminium and copper products, we remain optimistic about the long-term prospects of the industry, as aluminium continues to gain wider adoption across numerous sectors.
“The IPO will enable us to access the equity capital market to accelerate our expansion plans and unlock new growth opportunities as we enter our next phase of growth,” he said in a statement.
M&A Securities Sdn Bhd’s managing director Datuk Bill Tan said the firm supports AMS Advanced Material in their journey toward listing on the ACE market of Bursa Malaysia.
“AMS Advanced Material has built an established track record and strong technical capabilities, which position the group as a competitive player in the industry.
“We are optimistic that the IPO will provide AMS Advanced Material with a strong platform to execute its growth strategies,” he said.
AMS Advanced Material is primarily engaged in the aluminium industry, with nearly two decades of experience, and offers a comprehensive range of semi-finished aluminium products, including sheets and coils, plates, rods and bars, as well as extrusion profiles, to customers across a wide spectrum of industrial applications.
With an established operational presence across key industrial hubs in Penang, Selangor and Johor, the group is well integrated within Malaysia’s manufacturing ecosystem.
AMS Advanced Material is technically driven, supported by in-house processing capabilities that enable the fulfilment of customer-specific requirements, including alloy selection and dimensional customisation.
M&A Securities is the principal adviser, sponsor, underwriter, and placement agent for this IPO exercise.
