KUALA LUMPUR, April 18 – SumiSaujana Group Berhad (“SumiSaujana”), a homegrown manufacturer of oil and gas specialty chemicals, debuted on the ACE Market of Bursa Malaysia Securities today, opening at RM0.18 per share under the stock name “SUMI” and stock code “0349”. The successful IPO raised RM74.40 million, earmarked for key strategic initiatives including facility acquisitions, R&D expansion, and IT infrastructure upgrades to bolster its global presence and operational efficiency.
With over 70% of its revenue derived from international markets across Asia Pacific, the Middle East, Africa, Europe, and the Americas, SumiSaujana is poised for accelerated growth. Executive Deputy Chairman Mr. Toh Chee Seng called the listing a “historic and momentous occasion,” marking a new chapter that will enable the Group to strengthen its industry foothold, enhance innovation, and deliver sustainable long-term value to stakeholders.
