8 June 2026 – Industrial lifting and handling equipment specialist Liftech Group Berhad (“Liftech” or the “Company”)(“起艺工程集团”) expects to raise RM23.0 million under its listing exercise on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
The Company plans to utilize RM13.8 million (59.8%) of the proceeds raised from the initial public offering (“IPO”) to repay bank borrowings previously undertaken to finance the acquisition of strategic operational facilities in Bukit Minyak, Penang and Kota Kinabalu, Sabah.
The facilities will enhance Liftech’s presence in Northern Peninsular Malaysia and East Malaysia and are expected to support the Company’s future growth plans.
Mr Bernard Ng (黄世開), Managing Director of Liftech, said the repayment of borrowings would strengthen the Company’s balance sheet and provide greater financial flexibility moving forward.
“The Bukit Minyak and Kota Kinabalu facilities have strengthened our market presence and enhanced our ability to serve customers across key growth regions. The repayment of these borrowings will improve our financial position and support our long-term expansion plans as a listed company,” he said.
In addition, RM1.7 million (7.5%) of the IPO proceeds has been earmarked for the purchase of new machinery and equipment for Liftech’s Taiping factory. This investment is expected to enhance production capacity and increase automation across Liftech’s customization and Liftech’s listing on the ACE Market of Bursa Securities is tentatively scheduled on 30 June 2026.
M & A Securities Sdn Bhd (合盈证券私人有限公司) is the Adviser, Sponsor, Underwriter and Placement Agent for the IPO, while Wyncorp Advisory Sdn Bhd is the Corporate Finance Adviser.
About Liftech Group Berhad
Liftech is a leading industrial lifting and handling equipment specialist with more than 30 years of experience in delivering customised engineering solutions. Operating under its established ‘Liftech’ brand, the Group offers a comprehensive range of industrial cranes, industrial lifts, dock levelers, mechanical and automated car park systems as well as customized material handling solutions tailored to meet customers’ operational requirements.
The Group provides integrated, end-to-end services encompassing design, manufacturing, installation, commissioning, maintenance and repair. This enables Liftech to deliver comprehensive solutions to customers across a wide range of industries, including steel, construction, public utilities, semiconductor, automotive components and manufacturing.
