GTA Holdings Berhad, a company involved in the provision of aviation maintenance, repair and overhaul, announces that it has received approval from Bursa Malaysia Securities for its listing on the ACE Market of Bursa Securities.
Through its wholly-owned subsidiary, Global Turbine Asia Sdn. Bhd., which was established in 2010, the Company serves aviation operators, MRO-related customers and defence-linked end markets, and is supported by OEM-linked relationships within the Safran group and EPI consortium ecosystems. Based at the Helicopter Centre at Sultan Abdul Aziz Shah Airport, Subang, GTA is strategically positioned within one of Malaysia’s key aviation maintenance hubs.
GTA’s revenue model is anchored by proactive maintenance service packages, corrective maintenance works and sales of aviation equipment. For the financial year ended 31 December 2024 (“FYE 2024”), the Group recorded revenue of RM236.65 million and profit after tax of RM36.61 million. Of the Group’s revenue, proactive maintenance service packages contributed RM91.79 million, corrective maintenance RM50.19 million, and sales of aviation equipment RM94.67 million. The Company’s customer base includes long-standing relationships with aviation and defence-linked customers.
Managing Director and Chief Executive Officer of GTA Holdings Berhad, Dato’ Nonee Ashirin binti Dato’ Mohd Radzi, said, “We are honoured to have received Bursa Malaysia Securities Berhad’s approval for GTA’s proposed listing on the ACE Market. This marks an important milestone in our corporate journey and reflects the progress we have made in building a specialised aviation support business with strong technical capabilities, trusted customer relationships and a clear growth strategy.”
According to GTA’s exposure prospectus, the proposed IPO will involve 329.0 million shares, comprising a public issue of 205.0 million new shares and an offer for sale of 124.0 million existing shares, in conjunction with the listing of the Company on the ACE Market of Bursa Securities. The public issue includes 64.57 million shares for application by the Malaysian public, 12.91 million shares for eligible directors and employees, and 127.52 million shares by way of private placement to institutional and selected investors. Based on the enlarged issued share capital of 1,291,347,300 shares, the IPO shares represent approximately 25.48% of the Company’s enlarged share base.
Proceeds raised from the public issue are intended to support several strategic initiatives, including the establishment of a new operating facility, the expansion of helicopter MRO activities in the Middle East, the expansion into the MRO of landing gear, wheels and brakes, working capital requirements, and listing expenses. GTA has stated that the new facility will support the expansion of its technical capabilities in MRO activities, additional certifications, increased headcount and new training-related initiatives.
Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent.
