KUALA LUMPUR, April 24 – MSB Global Group Berhad (“MSB Global”), a leading player in Malaysia’s aftermarket automotive parts industry, made a successful debut on the ACE Market of Bursa Malaysia today, with its shares opening at RM0.17 under the stock name “MSB” and stock code “0350”.
The Group raised RM26.60 million from its IPO, which will fund a new factory in Johor Bahru, the rollout of its in-house EV charger, and expansion in the automotive lubricants segment. Managing Director Datuk Ow Kee Foo described the listing as a strategic leap forward, positioning MSB Global to drive innovation in both traditional and EV-ready offerings, while M & A Securities Sdn Bhd served as the Principal Adviser and Sponsor for the IPO.
