Civil and environmental engineering services provider Wil-Key Bhd has secured approval from Bursa Malaysia Securities Bhd for its proposed listing on the ACE Market, with the company targeting a debut by the first quarter of 2027 (1Q27).
The Puchong-based group, which has about 25 years of operating experience, provides civil and environmental infrastructure services, geosynthetic systems as well as related products and services.
Its proposed IPO will comprise a public issue of 88.46 million new shares and an offer for sale of 38.25 million existing shares.
Together, the 126.71 million IPO shares will represent 28.2% of Wil-Key’s enlarged issued share capital of 450 million shares upon listing.
Executive Director and Chief Executive Officer Eric Yap Ming Der said the proposed listing would strengthen the group’s capacity to expand its civil and environmental infrastructure and geosynthetic businesses.
Wil-Key also plans to expand into the engineering, procurement, construction and commissioning (EPCC) of renewable energy facilities, particularly biogas power generation facilities.
The group serves sectors including waste management, biogas and renewable energy, water and wastewater treatment, agriculture, aquaculture and public infrastructure.
Among its projects is a RM138 million new sludge management facility awarded by Singapore’s Public Utilities Board in 2024.
TA Securities Holdings Bhd is the principal advisor, sponsor, sole underwriter and sole placement agent for the IPO exercise.
