Kee Ming Eyes Growth In RE, Data Centre Projects In Coming Years

KUALA LUMPUR, Feb 12 (Bernama) -- ACE Market-debutant Kee Ming Group Bhd aims to focus on several key sectors in the coming years, namely renewable energy (RE), interconnection facilities and high-voltage (HV), data centre development, and the design and build of industrial projects.

Managing director Liew Kar Hoe said that with encouraging demand across the sectors, the company is eager to capture opportunities rather than set limits, including in East Malaysia, particularly Sarawak.

“East Malaysia is definitely one of the very attractive markets that we are actually studying, so we foresee there will be a great growth, especially on the Sarawak side.

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“There are actually many RE-related as well as industrial and commercial projects that are growing in Kuching, Sarawak,” he told a press conference after its listing ceremony here today.

He said the group will continue to adopt a strategic approach in selecting projects to capitalise on uptrends in relevant sectors nationwide.

Liew said the company’s unbilled order book stood at RM176 million as at December 2025, and it is optimistic about securing more orders in the coming year, driven by demand across the sectors.

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Meanwhile, Kee Ming made its debut today on the ACE Market of Bursa Malaysia at 79 sen, a 41 sen premium, or 107.89 per cent, over its initial public offering (IPO) price of 38 sen, with 15.51 million shares traded.

Additionally, Liew, in his opening remarks, said that with the funds raised, the company is well-positioned to undertake larger and more complex projects across electrical, air-conditioning and mechanical ventilation, fire protection and solar-related segments, while continuing to deliver safe, reliable and high-quality engineering solutions.

In a separate statement today, the company said it raised approximately RM25.32 million through its IPO by issuing 66.63 million new ordinary shares.

Of the proceeds, it said RM13 million has been allocated for project working capital for future projects, while RM4 million will be utilised for performance bonds.

It said a further RM1.72 million is earmarked for expanding its project team, and RM1 million for the purchase of an enterprise resource planning system.

In addition, another RM0.6 million will be set aside for general working capital, while RM5 million will be used to defray fees and expenses related to the IPO exercise, it said. 

-- BERNAMA