{
  "id": 9498704,
  "title": "EGH International seeks ACE Market listing to raise RM57.6mil, reports RM4.05mil Q1 net profit",
  "url": "https://urgent.news/2026/09/24/egh-international-seeks-ace-market-listing-to-raise-rm57-6mil-reports",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T05:32:47.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1540056/egh-international-seeks-ace-market-listing-raise-rm576mil"
  },
  "original_language": "en",
  "account": "Puchong-based interior fit-out services firm EGH International Bhd is seeking to list its shares on the ACE Market, planning to raise RM57.6 million through an initial public offering (IPO). The company will offer its shares at 16 sen per share. Half of the funds raised, RM38.4 million, will be used by EGH International to bolster its financial position, while the remaining RM19.2 million will go to its sole selling shareholder, Datuk Doh Jee Ming. This shareholder is also the managing director of Lagenda Properties Bhd, and his stake will shrink from 49 per cent to around 25 per cent following the IPO. The company plans to use the proceeds from the IPO to repay debts, enhance operational capacity, and invest in its new headquarters, warehouse, and showroom in Puchong. EGH International anticipates a market capitalisation of RM160 million post-IPO, with a valuation roughly 15 times its earnings from the previous year. The interior fit-out services sector remains the main revenue generator for the firm, accounting for 94.44 per cent of its Q1 FY27 revenue. Furniture, fixtures, and equipment (FF&E) sales and building materials sales made up the remaining RM3.26 million. For Q1, the company reported a net profit of RM4.08 million on RM58.67 million in revenue. The firm is currently working on 18 projects across sectors like hotels, healthcare, and airport lounges, and has an order book valued at approximately RM313.49 million, which will be billed over the next two fiscal years. Berjaya Securities is handling the IPO, serving as the principal adviser, sponsor, underwriter, and placement agent. Applications for the IPO close on October 5, with the shares set to begin trading on October 16.",
  "summary": "KUALA LUMPUR: Puchong-based interior fit-out services provider EGH International Bhd is aiming for a listing on the ACE Market, setting its initial public offering (IPO) price at 16 sen per share to raise a total of RM57.6 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}