MM Computer Systems Bhd is aiming to raise RM26.18 million from its IPO exercise ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on June 11, 2026.
The company’s IPO exercise involves a total of 166.34 million shares priced at 22 sen each, comprising a public issue of 119 million new shares and an offer for sale of 47.34 million existing shares.
Managing Director and CEO Young Yoong Chang said proceeds from the public issue will be channelled primarily towards expanding project execution capabilities, including the procurement of IT hardware and software, workforce expansion, capability development and partial repayment of bank borrowings.
MMCS, which operates through subsidiaries Micro Technology Solution Sdn Bhd and SMIND Sdn Bhd, provides enterprise IT solutions spanning infrastructure, networking, cybersecurity and IT outsourcing services, including embedded resident engineers for clients.
For FY25, the company recorded revenue of RM98.68 million, up 33.88%, while net profit attributable to owners rose 16.46% to RM10.12 million. Government-linked companies accounted for 49.76% of revenue, underscoring its strong public sector exposure.
As at April 13, 2026, MMCS had 105 ongoing projects and multi-year contracts with unrecognised revenue of RM80.83 million, alongside active tenders worth RM127.13 million under evaluation.
Independent market research projects Malaysia’s IT infrastructure and networking sector to grow at 18.5% CAGR between 2026 and 2028, with cybersecurity and cloud services also expected to record strong double-digit growth.
Malacca Securities Sdn Bhd is the principal advisor, sponsor, underwriter and placement agent for the exercise, while SCS Global Advisory (M) Sdn Bhd is appointed as the corporate finance advisor.
