Kuala Lumpur, 21 May 2026 – Power engineering solutions provider, EI Power Berhad (“EIP”) (亿埃電能), made an impressive debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today. The stock is categorised under the Industrial Products & Services sector and carries the stock name of EIPOWER, with stock code of 0453.
Kuala Lumpur, 21 May 2026 – Power engineering solutions provider, EI Power Berhad (“EIP”) (亿埃電能), made an impressive debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today. The stock is categorised under the Industrial Products & Services sector and carries the stock name of EIPOWER, with stock code of 0453.
Executive Director cum Chief Executive Officer of EIP, Ir. Albert Chang Wan Siong (曾运祥先生) commented, “Today marks a significant milestone for us as we successfully list on the ACE Market of Bursa Securities. The warm reception from investors and the market reaffirms confidence in our ability to deliver reliable power engineering solutions that support critical infrastructure. At the same time, the capital raised provides us with the financial strength to scale our operations, enhance our capabilities and expand our presence both locally and regionally.”
“The RM62.2 million proceeds raised from our IPO will fuel our next phase of growth. We plan to expand our operational capacity, enhance our service offerings and extend our geographical footprint, including into Thailand, while strengthening our execution capabilities to support larger and more complex projects. These plans will not only reinforce our core competencies but also position us for sustained growth as we scale our business and capitalise on the opportunities ahead,” he said.
Of the RM62.2 million proceeds raised from the IPO, EIP has allocated RM18.3 million (29.4%) for the acquisition and setup of new headquarters cum warehouse; RM10.0 million (16.1%) as capital expenditure for the installation of building energy efficiency systems; RM1.4 million (2.2%) to establish an office in Thailand; RM2.3 million (3.7%) to establish a branch office cum warehouse in Johor; and RM24.9 million (40.1%) for working capital purposes. Meanwhile, the remaining RM5.3 million (8.5%) will be used to defray listing expenses.
Albert concluded by adding, “Looking ahead, we are confident with our prospects, underpinned by the strong investments into mission critical infrastructure such as data centres. Supported by our unbilled order book of RM99.9 million as at 24 March 2026 and a robust tender pipeline, we believe we can sustain our growth momentum forward.”
M&A Securities is the Adviser, Sponsor, Underwriter and Placement Agent for this IPO exercise.
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About EI Power Berhad
Based in Shah Alam, EI Power Berhad (“EIP”), through its subsidiaries, is a power
engineering firm principally involved in the engineering, procurement, construction,
and commissioning of mission critical power solutions, conventional power solutions,
and renewable energy power solutions. EIP serves a diverse range of industries,
including data centres, commercial, industrial and residential developments, as well
as solar farms.