OGX eyes East Malaysia after ACE Market listing in March

KUALA LUMPUR (Feb 13): OGX Group Berhad (OGX), an IT infrastructure solutions specialist operating under a brand-centric model, hopes to expand to East Malaysia after its planned listing on the ACE Market of Bursa Malaysia Securities Berhad on March 12, 2026.

This was highlighted during the unveiling of its initial public offering (IPO) prospectus as the group aims to raise RM52.5 million through a public issue of 150 million new ordinary shares, at RM0.35 per share, representing 20 per cent of its enlarged issued share capital of 750 million shares.

OGX non-independent non-executive chairman Tan Ting Fong said the launch of OGXís IPO prospectus marks a defining chapter in our corporate journey, built on nearly two decades of dedication, technical depth and unwavering commitment towards excellence.

“From the origins as an authorised distributor, OGX has grown and evolved into a trusted IT infrastructure solutions specialist operating under a brand centric model, delivering comprehensive solutions across network, cybersecurity, and enterprise data centre infrastructure.

“Our growth and progress reflect the strength of our management team, resilience of our business model, and the confidence placed in us by long-standing customers and technology partners.

“Upon listing, we will further strengthen our execution capabilities, broaden our strategic partnerships, and drive sustainable earnings growth, anchored by a clear objective of creating long-term value to our shareholders.î

Of the total proceeds, 57.14 per cent will be allocated for the acquisition and renovation of a new facility, 4.76 per cent for the expansion of the Companyís portfolio of IT infrastructure brands and 3.81 per cent for geographical expansion to East Malaysia.

A further 8.57 per cent will be utilised towards the repayment of bank borrowings. Meanwhile, 16.19 per cent will be allocated for working capital to support its operational activities, with the remaining balance set aside for listing-related expenses.

The IPO also comprises an offer for sale of 75.0 million existing ordinary shares, representing 10 per cent of the Companyís enlarged issued share capital.

These shares will be allocated through private placement to identified Bumiputera investors approved by Ministry of Investment, Trade and Industry of Malaysia (MITI).

Public application for the IPO shares opens today and closes at 5pm on March 2, 2026.