KUALA LUMPUR, February 23 – Colform Group Berhad (“Colform”), a leading steel and building material specialist in East Malaysia, made a strong debut on the ACE Market of Bursa Malaysia Securities Berhad today, opening at RM0.40 per share—an 11.11% premium over its initial public offering (IPO) price of RM0.36.
The listing marks a significant milestone for the Kota Kinabalu-based company, which has over 20 years of experience in delivering end-to-end steel solutions for Malaysia’s construction industry. Colform’s product portfolio includes roofing sheets, wall claddings, and IBS steel framing systems, catering to government, commercial, and private sector clients.
Through its IPO, Colform successfully raised RM41.19 million, which will be allocated towards expanding its production capacity, storage facilities, and market presence in Peninsular Malaysia. Managing Director Kang Ket Hung emphasized that the listing underscores Colform’s commitment to quality steel solutions and market growth, ensuring long-term value for stakeholders.
With its focus on cost efficiency and high-margin products, the company is well-positioned to capitalize on the increasing demand for innovative steel solutions, reinforcing its role as a key player in Malaysia’s construction sector.
