ONG EU JIN PARTNERSHIP ADVISES SUM TECHNOLOGY BERHAD ON ITS ACE MARKET LISTING
Congratulations to Sum Technology Berhad (Sum Technology) on its successful listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 18 June 2026.
Sum Technology is principally involved in the provision of turnkey design and build solutions for cleanrooms, controlled environments and mechanical, electrical, process utilities and firefighting (MEPF) utilities, as well as the manufacturing and trading of mechanical, ventilation and air conditioning (MVAC) products.
Upon listing on the ACE Market of Bursa Malaysia, Sum Technology will have a market capitalisation of RM126 million based on an issue price of RM0.28 per share.
The initial public offering (IPO) raised approximately RM32.76 million for Sum Technology, with proceeds earmarked for the business expansion, establishment of office in the Philippines, design and development activities and working capital to enhance portfolio through increased bids and number of projects.
Our firm is proud to have played a part in the listing exercise as the IPO solicitors for Sum Technology.
Have aspirations to get your company listed? Please contact us at [email protected].
More information on the listing can be found at:
The Star:
