KUALA LUMPUR, December 16 — Colform Group Berhad, a leading steel and building material specialist in East Malaysia, has officially signed an underwriting agreement with Mercury Securities Sdn. Bhd. for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO will comprise the issuance of 114,424,000 new shares, representing 19.07% of the Group’s enlarged share capital, alongside 54,000,000 shares for sale, representing 9.00% of the enlarged share capital. Colform’s Managing Director, Mr. Kang Ket Hung, described the listing as a significant milestone, highlighting its potential to enhance the company’s growth and market presence. “
This IPO will enable Colform to respond effectively to evolving industry demands while fostering sustainable innovation. We are committed to delivering superior steel solutions and driving long-term value for stakeholders.” Headquartered in Sabah, Colform specializes in downstream steel products such as roofing sheets and IBS steel framing systems, serving a broad spectrum of government, commercial, and private sector clients.
