ACE Market-Bound Pentech Seeks To Raise RM34.39 Mln From IPO

KUALA LUMPUR, May 20 (Bernama) -- Computer infrastructure firm Pentech Holdings Bhd is expected to raise RM34.39 million in gross proceeds from its listing on Bursa Malaysia’s ACE Market, slated for June 15, 2026.

The Penang-based company provides enterprise information and communications technology (ICT) solutions, which include integrating ICT infrastructure, supplying hardware and software, and offering cloud, managed and related services.

Managing director and chief executive officer Yeoh Chin Ming said Pentech plans to expand its presence in Kuala Lumpur with the establishment of a new security operations centre (SOC) and upgrade of its operations command centre (OCC) infrastructure.

He said the OCC focuses on managing and maintaining customers’ information technology (IT) operations, while the SOC is dedicated to cybersecurity threat prevention.

“The OCC is where we will help our customers manage their IT operations. The SOC is actually more for threat prevention… to defend your entire environment,” he told reporters after the launch of the company’s prospectus today.

Yeoh said the OCC currently serves about 150 customers, and the company plans to upgrade its systems and infrastructure to support more clients and the increasingly complex IT environments.

“Previously, we could do maybe a 1,000-personal computer (PC) environment, but with the new technology, we can now manage a 5,000-PC environment for customers,” he said.

Meanwhile, he said Pentech’s cybersecurity business within the financial services industry (FSI) has gained traction after several years of market penetration efforts.

Yeoh said revenue contribution from the FSI segment rose from about RM3 million in 2022 to RM28 million in 2025, supported by growing adoption among banks and other financial institutions.

Despite the growth, he said, Pentech’s share in Malaysia’s RM36 billion ICT enterprise services and ICT trade market remains below one per cent, leaving significant room for expansion.

“Based on the revenue that Pentech generated in 2025, which was only RM232 million, our total market share in Malaysia is actually less than one per cent,” he noted.

The company will focus on expanding domestically using the initial public offering (IPO) proceeds, he said, adding that overseas expansion is not part of its immediate plans.

Of the IPO proceeds, it plans to use RM9.40 million to establish the new SOC while RM8.10 million will go towards upgrading the group’s OCC infrastructure.

It is allocating RM6.74 million for business expansion to provide additional ICT services, RM3.50 million for marketing expenses and promotional activities, RM2.15 million for working capital requirements, and RM4.50 million to defray listing-related expenses.

Based on the enlarged issued share capital of 620 million ordinary shares and IPO price of 20 sen per share, Pentech is expected to have an indicative market capitalisation of RM124 million.

Applications for the 31 million new shares available for the Malaysian public will close on May 29, 2026.

-- BERNAMA

 

TAGS: Pentech Holdings, IPO, ICT, ACE Market, Yeoh Chin Ming, Corporate

 

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