OGX Group Secures RM72 Mln Orders Amid East Malaysia Expansion
KUALA LUMPUR, March 12 (Bernama) -- ACE Market debutant OGX Group Bhd has secured order books worth RM72 million as of Jan 13, 2026, as it accelerates expansion in East Malaysia.
Managing director Tan Suan Loong said the orders were based on purchase confirmations already received and form part of the group’s strategy to strengthen its presence in Sabah.
“Demand in Sabah is growing, and we have secured several projects across both the business and education sectors,” he said at the company’s ACE Market post-listing press conference here today.
Tan said the company expects strong growth over the next 12 to 24 months, supported by ongoing expansion and efforts to secure new projects.
At today’s opening gong, the information technology infrastructure solutions provider debuted on the ACE Market of Bursa Malaysia at 28 sen, a seven sen discount to its initial public offering (IPO) price of 35 sen, with 6.67 million shares traded.
Commenting on the debut, Tan noted that the share price could be affected in the near term by geopolitical developments, but stressed these are temporary.
“We are confident that over time the share price will better reflect the company’s underlying value, fundamentals, and growth prospects,” he said.
Tan added that OGX Group plans to use IPO proceeds to expand its facilities, with a new site near its current Bukit Jelutong, Selangor facility expected to be operational by mid-2027.
The company is also exploring opportunities to broaden its brand portfolio, including potential partnerships with European and Chinese brands, which could materialise within six to 12 months.
-- BERNAMA