Kee Ming Group Berhad Debuts on ACE Market with 107.89% Premium
KUALA LUMPUR, MY / ACCESS Newswire / February 12, 2026 /Kee Ming Group Berhad ("Kee Ming" or the "Company"), a mechanical and electrical ("M&E") engineering solutions provider, made its debut today on the ACE Market of Bursa Malaysia Securities Berhad. The Group 's shares opened at RM0.79 per share, representing a 107.89%premium over its initial public offering ("IPO") price of RM0.38 per share, reflecting strong investor confidence in Kee Ming 's technical capabilities, execution track record and long-term growth prospects.
Kee Ming Group Berhad is listed under the stock name "KEEMING" with the stock code "0392".
With an established operating history of approximately 13 years, Kee Ming has evolved into a specialist M&E engineering contractor providing end-to-end solutions encompassing engineering design, fabrication, supply, installation, testing, commissioning and maintenance services. The Group serves industrial, commercial and residential customers across Malaysia, with core competencies spanning electrical systems, air-conditioning and mechanical ventilation ("ACMV"), fire protection systems. Kee Ming is also involved solar PV systems, EV charging infrastructure and interconnection facilities under the Corporate Green Power Programme ("CGPP"). These capabilities position Kee Ming to benefit from rising investments in industrial facilities, data centres and Malaysia 's accelerating green energy transition.
Through its IPO, Kee Ming raised approximately RM25.32 million via the issuance of 66.63 million new ordinary shares at an issue price of RM0.38 per share.
RM13.00 million for project working capital for future projects;
RM4.00 million for performance bond for future projects;
RM1.72 million for expansion of project team;
RM1.00 million for purchase of Enterprise Resources Planning ("ERP") system;
RM0.60 million for general working capital; and
RM5.00 million for defray fees and expenses related to the IPO exercise.
Ir. Liew Kar Hoe, Managing Director of Kee Ming Group Berhad, said, "Today 's listing marks an important milestone in Kee Ming 's corporate journey. The positive market reception affirms investor confidence in our engineering expertise, disciplined execution and growth strategy. With the funds raised, we are well-positioned to undertake larger and more complex projects across electrical, ACMV, fire protection and solar-related segments, while continuing to deliver safe, reliable and high-quality engineering solutions. We remain committed to creating long-term value for our shareholders and stakeholders."
Mr. Ku Mun Fong, Head of Corporate Finance of TA Securities Holdings Berhad, added, "Kee Ming 's successful debut on the ACE Market highlights investor recognition of the Group 's solid track record, diversified M&E engineering capabilities and experienced management team. With favourable industry dynamics driven by infrastructure development, industrial expansion and renewable energy adoption, Kee Ming is well-positioned for sustainable growth. TA Securities is pleased to have supported the Group on this important milestone."
Mr. Kelvin Khoo, Group Chief Executive Officer of Eco Asia Capital Advisory Sdn. Bhd., said, "Kee Ming 's successful listing reflects the strength of its M&E engineering business model, supported by its solid track record and experienced management team. With comprehensive technical capabilities and exposure to modern infrastructure and clean energy-related infrastructure, the Group is well-positioned to benefit from Malaysia 's industrial and infrastructure growth as well as energy transition."
According to the Independent Market Research ("IMR") Report, Malaysia 's M&E engineering industry is projected for strong long-term growth, with the local M&E engineering services market valued at RM9.61 billion in 2024, representing a 21.8% increase from RM7.89 billion in 2023. The market is forecast to expand from RM10.86 billion in 2025 to RM16.82 billion by 2029, registering a compound annual growth rate ("CAGR") of 11.9% over the forecast period. This growth is supported by continued industrial and infrastructure development, sustained data centre investments, and the ongoing green energy transition driven by solar PV installations and EV charging infrastructure. The outlook is further underpinned by the Malaysian Government 's projected RM430 billion development expenditure under the 13th Malaysia Plan, which includes major allocations for infrastructure, public transport, flood mitigation and affordable housing, collectively providing a strong foundation for Kee Ming 's continued expansion.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for this IPO, while Eco Asia Capital Advisory Sdn. Bhd. serves as Financial Adviser of the IPO.
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ABOUT KEE MING GROUP BERHAD
Kee Ming Group Berhad ("Kee Ming" or the "Company") is a M&E engineering solutions provider with approximately 13 years of operating history, specialising in electrical engineering such as HV, MV, LV, and ELV installations, mechanical engineering services including ACMV and fire protection systems, as well as provision of M&E engineering services in clean energy-related segment including solar PV installation and EV charging solution. Headquartered in Ipoh, Perak, with branch offices in Selangor and Penang, the Company serves the industrial, commercial, residential and clean energy-related segments across Malaysia as well as others which mainly consist of public infrastructures and interconnection facilities, supported by strong technical expertise and proven project delivery capabilities.
For more information, visit https://keeming.com
Issued By:Swan Consultancy Sdn. Bhd. on behalf of Kee Ming Group Berhad
For more information, please contact:
Jazzmin Wan
Email:j.wan@swanconsultancy.biz
William Yeo
Email:w.yeo@swanconsultancy.biz
SOURCE: Kee Ming Group Berhad
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