OGX Group eyes East Malaysia expansion with growing orderbook

KUALA LUMPUR (March 12): IT infrastructure solutions provider OGX Group Bhd (OGX) has secured order books worth RM72 million as of Jan 13, 2026, as it accelerates expansion in East Malaysia.

Managing director Tan Suan Loong said the orders were based on purchase confirmations already received and form part of the group’s strategy to strengthen its presence in Sabah.

“Demand in Sabah is growing, and we have secured several projects across both the business and education sectors,” he said at the company’s ACE Market post-listing press conference yesterday.

Tan said the company expects strong growth over the next 12 to 24 months, supported by ongoing expansion and efforts to secure new projects.

The group saw its shares fall 20 per cent from its initial public offering (IPO) price of 35 sen to 28 sen at its debut on the ACE Market of Bursa Malaysia on Thursday.

In a statement, the company said the listing came amid strong financial performance, with profit before tax for the half year ended Nov 30, 2025 already reaching 86.7 per cent of its full-year 2025 profit before tax.

OGX raised RM52.5 million from its IPO exercise, which comprised the issuance of 150 million new shares and an offer for sale of 75 million existing shares.

Of the proceeds, RM34.5 million will be used to support the company’s business expansion, including the acquisition and renovation of a new facility, as well as expanding its IT infrastructure brands portfolio and geographical footprint.

The company has also allocated RM4.5 million for bank borrowings repayment, RM8.5 million for working capital and RM5 million for listing expenses.

Tan affirmed that the listing represents an important milestone in its 19-year journey.

“As an IT infrastructure solutions specialist, we deliver IT infrastructure solutions that empower enterprises across Malaysia to operate with confidence and resilience in an increasingly competitive digital environment.

“With our listing, we are well-positioned to accelerate our next phase of growth, backed by stronger governance, enhanced capabilities and a clear strategic roadmap to deepen our service offerings and broaden our market footprint,” he said.

Meanwhile, the 37.5 million new shares offered to the Malaysian public were oversubscribed 10.11 times, reflecting strong investor interest and confidence in the company’s business fundamentals.

UOB Kay Hian (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO exercise.