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. In a statement today, Liftech managing director Bernard Ng highlighted Malaysia's shift towards high-value manufacturing, which is creating opportunities for engineering companies with specialized capabilities, as industries increasingly require sophisticated, customized, and reliable lifting and material-handling solutions.
According to BERNAMA News Agency, Liftech aims to leverage its engineering expertise, proven track record, and more than three decades of industry experience to support this transformation. Ng emphasized that Liftech does more than supply lifting equipment; the company collaborates closely with customers to engineer customized solutions that enhance productivity, improve workplace safety, and optimize operational efficiency.
Ng explained that proceeds from the company's initial public offering (IPO) would fund its next phase of expansion. This includes 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 East Malaysia. These initiatives, along with investments in new machinery and equipment, are expected to enhance Liftech's engineering capabilities and position it to capture opportunities from Malaysia's industrial transformation.
As of May 10, 2026, Liftech's unbilled order book stood at approximately RM41.6 million, providing near-term earnings visibility. The statement noted that Liftech raised RM23 million through the public issue of 79.2 million new shares at an issue price of 29 sen each as part of its listing exercise. This exercise also included an offer for sale of 15.8 million existing shares to selected investors via private placement.
Of the proceeds, RM13.8 million, or 59.8 percent, will be used to repay bank borrowings incurred for acquiring strategic operational facilities in Bukit Minyak, Penang, and Kota Kinabalu, Sabah. Additionally, RM1.7 million (7.5 percent) will go towards purchasing new machinery and equipment for its Taiping factory, RM1 million (4.4 percent) for factory and office upgrades, RM2 million (8.7 percent) for working capital, and the remaining RM4.5 million (19.6 percent) for listing expenses.
At 10.43 am, Liftech shares were down three sen at 26 sen, with 27.27 million shares traded. The stock opened 1.5 sen lower at 27.5 sen.