Kuala lumpur: ACE Market debutant OGX Group Bhd has secured order books worth RM72 million as of Jan 13, 2026, as it accelerates expansion in East Malaysia.

According to BERNAMA News Agency, Managing Director Tan Suan Loong stated that the orders were based on purchase confirmations already received and form part of the group's strategy to strengthen its presence in Sabah. "Demand in Sabah is growing, and we have secured several projects across both the business and education sectors," he mentioned at the company's ACE Market post-listing press conference held today.

Tan shared that the company anticipates robust growth over the next 12 to 24 months, supported by ongoing expansion and efforts to secure new projects. At today's opening gong, the information technology infrastructure solutions provider debuted on the ACE Market of Bursa Malaysia at 28 sen, a seven sen discount to its initial public offering (IPO) price of 35 sen, with 6.67 million shares traded.

Commenting on the debut, Tan noted that the share price could be affected in the near term by geopolitical developments, but emphasized these are temporary. "We are confident that over time the share price will better reflect the company's underlying value, fundamentals, and growth prospects," he said.

Tan also revealed that OGX Group plans to utilize IPO proceeds to expand its facilities, with a new site near its current Bukit Jelutong, Selangor facility expected to be operational by mid-2027. Additionally, the company is exploring opportunities to broaden its brand portfolio, including potential partnerships with European and Chinese brands, which could materialize within six to 12 months.