KUALA LUMPUR, December 20 – SumiSaujana Group Berhad, a leading manufacturer of oil and gas (O&G) specialty chemicals, has received approval from Bursa Malaysia Securities Berhad for its listing on the ACE Market. The company’s Initial Public Offering (IPO) will consist of the issuance of 310 million new shares and the offer for sale of up to 90 million shares, representing 27.71% of its enlarged share capital.
The funds raised from the IPO will support SumiSaujana’s expansion plans, including securing its Puncak Alam manufacturing facility, acquiring new warehouses, and enhancing production capacity through advanced technology. The Group has built a strong track record of supplying specialty chemicals for O&G applications across the Asia Pacific, Middle East, and North America.
With the new funding, SumiSaujana aims to expand its market reach, particularly in North America and the Middle East, while continuing to innovate and enhance its operational capabilities. The listing on Bursa’s ACE Market is expected to provide the company with the capital needed to strengthen its position as a competitive player in the global O&G specialty chemicals industry.
