Kuala Lumpur: MSB Global Group Bhd announced that US tariffs are expected to have a minimal impact on its operations, as its supply chain and market focus are largely concentrated within Asia.

According to BERNAMA News Agency, the automotive parts and components distributor made its debut on Bursa Malaysia’s ACE Market, emphasizing that it imports most of its products from China and serves primarily the domestic market. The company also disclosed plans for expansion within Southeast Asia.

MSB Global’s executive director, Ow Chen Lun, stated during a virtual press conference following the listing ceremony that US tariffs would not directly affect the company. “Our products are sourced from China, and our target market remains local. Our expansion focus will remain on Southeast Asia in the future,” he said.

The company raised RM26.60 million in gross proceeds through the issuance of 133.00 million new shares. MSB Global plans to allocate 22.58 percent of the proceeds towards purchasing new machinery and equipment, 20.67 percent for repaying bank borrowings, and 18.70 percent for constructing a new factory-cum-warehouse in Ulu Tiram, Johor Bahru.

Ow further explained that 17.99 percent of the funds would be used for working capital, 16.92 percent for listing-related expenses, and 3.14 percent to support the rollout of an in-house branded EV charger. Additionally, he noted that the recent depreciation of the US dollar has helped reduce the company’s procurement costs, providing a buffer against external economic pressures.

“We maintain a close relationship with our key suppliers in China. This has given us flexibility and helped manage cost fluctuations. MSB Global has worked with them for 23 years. If there are any market changes or rising costs, we believe they will support us,” Ow added.

Looking beyond its listing, MSB Global aims to position itself as a corporate disruptor in Malaysia’s fragmented aftermarket automotive service industry. Ow likened this ambition to how Mr DIY and 99 Speedmart transformed their respective sectors. “Today marks the start of a transformation. We see ourselves becoming the first in Malaysia to corporatise the car service and maintenance market, which is currently very fragmented,” he noted.

Ow believes that MSB Global can elevate car servicing into a structured, professionally managed network, akin to the transition of traditional hardware and convenience stores into nationwide chains.

At 10.40 am, the group’s share price fell three sen, or 15 percent, to 17 sen from its initial public offering price of 20 sen, with 38.82 million shares changing hands.