KUALA LUMPUR, Oct 20 (Bernama) -- Power infrastructure engineering solutions provider SKA Capital Bhd aims to raise RM72.3 million from its initial public offering (IPO) to strengthen its ability to undertake multiple projects concurrently and compete for larger, higher-value power infrastructure contracts.
Business : SKA Capital To Raise RM72.3 Mln From IPO To Pursue Larger Power Infrastructure Projects
SKA Capital, IPO, proceeds, machinery, ACE Market,
BE Bernama 
Key points
- The group today launched its IPO prospectus in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia on Nov 11, 2026.
- In a statement today, SKA Capital said the proceeds would be used mainly to purchase machinery and equipment, support performance bond requirements for future projects and fund working capital, with the balance allocated to listing expenses.
- “Based on an enlarged issued share capital of 895.5 million shares, SKA Capital would have an indicative market capitalisation of RM385.1 million upon listing,” it added.
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Related reporting
6 stories on this topic from 5 sources, oldest first.
- New Straits Times SKA Capital sets IPO price at 43 sen ahead Nov 11 listing
- Utusan Malaysia SKA Capital sasar RM103.4 juta hasil IPO di Pasaran ACE
- Bernama Business : SKA Capital To Raise RM72.3 Mln From IPO To Pursue Larger Power Infrastructure Projects (this story)