Juniper
Sum Technology Berhad (“Sum Technology” or the “Company”), a Malaysia-based turnkey solutions provider specialising in cleanrooms, controlled environments, and Mechanical, Electrical, Process Utilities and Fire Fighting (“MEPF”) systems for mission-critical facilities, launched its Initial Public Offering (“IPO”) Prospectus in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Sum Technology aims to raise RM32.76 million via the public issue of 117.0 million new ordinary sharesin Sum Technology (“Issue Shares”) at an issue price of RM0.28 per share. The IPO exercise will comprise the following:
The public issue of 117.0 million new ordinary shares (representing 26% of the enlarged issued share capital), allocated as follows:
▪ 22.50 million Issue Shares for application by the Malaysian public;
▪ 4.50 million Issue Shares for application by eligible employees;
▪ 33.75 million Issue Shares by way of private placement to selected investors; and
▪ 56.25 million Issue Shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”).
Based on the enlarged issued share capital of 450.0 million shares, Sum Technology’s indicative market capitalisation upon listing is RM126.0 million. The Company is scheduled to be listed on the ACE Market of Bursa Securities on 18 June 2026.
Malacca Securities Sdn Bhd (“Malacca Securities”) is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO.
Through its subsidiaries, Sum Technology is principally involved as an integrated turnkey solutions provider specialising in (i) design and build of cleanrooms, controlled environments and MEPF utilities, (ii) design and manufacturing of mechanical, ventilation and air conditioning (“MVAC”) products, and (iii) trading of MVAC products and solar photovoltaic panels.
The Group serves a diverse range of industries including semiconductor, data centres, electrical and electronics, automotive and electric vehicle battery, and consumer products across Malaysia and the Philippines. Its ability to undertake MEPF utilities projects ensures seamless integration of supporting infrastructure such as MVAC, electrical systems, process utilities and fire protection systems, enabling the Group to meet the technical and operational requirements of its customers while complying with internationally recognised standards.
Sum Technology continues to enhance its project delivery capabilities and expand its capacity to remain competitive and keep pace with evolving industry developments. With its integrated approach and in-house MVAC manufacturing capabilities through its wholly-owned subsidiary, Micronaire Global Sdn Bhd, the Group is able to deliver customised solutions with greater control over system quality, technical integration and delivery efficiency.
This enables the Group to support cleanroom developments across a wide range of specifications, from ISO Class 2 to ISO Class 9, catering to increasingly demanding technical requirements across industries.
The Group is also well-positioned to benefit from the strong growth in high-tech industries, particularly data centres and electric vehicle (“EV”) related manufacturing.
Malaysia is emerging as a key data centre hub in Southeast Asia, supported by significant foreign direct investments from global technology players and strong government initiatives aimed at strengthening digital infrastructure and high-tech manufacturing. In addition, the ongoing expansion of industrial parks and high-tech zones, together with policies such as the New Industrial Master Plan 2030 (NIMP), are expected to drive sustained demand for cleanroom and MEPF engineering solutions.
Commenting on the milestone, the Executive Director and Chief Executive Officer of Sum Technology, Lee Thiam Hing , said:
“The launch of our prospectus marks an important milestone in our journey towards listing on the ACE Market. Over the years, we have built a strong foundation in delivering cleanroom and MEPF engineering solutions, supported by our integrated capabilities and in-house MVAC manufacturing. This allows us to provide end-to-end solutions with better control over quality, cost and delivery timelines, which differentiates us from many of our peers.
We are seeing strong demand across our core segments, particularly in data centres and high-tech manufacturing, and our current orderbook provides us with good visibility moving forward.
With the IPO, we intend to scale our engineering capabilities, strengthen our project pipeline and increase our participation in larger-value projects. We believe we are well-positioned to capture opportunities arising from the continued growth in digital infrastructure and advanced industries.
We would also like to express our appreciation to Malacca Securities for their guidance and support throughout this process.”
Head of Corporate Finance of Malacca Securities Sdn Bhd, Yap Siew Thee said:
“We are pleased to support Sum Technology in this significant milestone. The Group has established strong technical capabilities, supported by an integrated business model and a proven track record in delivering turnkey engineering solutions. We believe the IPO will provide a solid platform for Sum Technology to execute its growth strategies, particularly in high-growth sectors such as data centres and advanced manufacturing, and further strengthen its market position.”
The IPO proceeds will be utilised primarily to fund the Group’s business expansion, establishment of an office in the Philippines, as well as design and development activities. The balance of the proceeds will be used to support the Group’s working capital requirements as it continues to scale its operations.
Following the listing, Sum Technology aims to accelerate its growth by scaling its engineering capabilities and deepening its participation in high-growth sectors such as data centres and EV-related manufacturing. With strong industry tailwinds and increasing investments in digital infrastructure, the Group is well-positioned to capture emerging opportunities and drive its next phase of expansion.
