13/02/2026

Editorial T: 03-7784 6688 F: 03-7785 2625 E: sunbiz@thesundaily.com Advertising T: 03-7784 8888 E: advertise@thesundaily.com

SCAN ME

FRIDAY | FEB 13, 2026

OGX Group eyes RM52.5m from IPO to fund expansion PETALING JAYA: OGX Group Bhd, an IT infrastructure solutions specialist operating under a brand-centric model, aims to raise RM52.5 million from its listing on the ACE Market of Bursa Malaysia to fund its expansion, supported by Malaysia’s growing IT infrastructure market. OGX executive director and managing director Tan Suan Loong said that, post-listing, the group sees continued growth across its core segments of network, cybersecurity, and enterprise data centre infrastructure. “Malaysia is still very far behind in terms of technology adoption. If you ask me, both the networking and cybersecurity sectors are growing in tandem. It’s an industry-wide growth,“ he said in a press conference after the OGX’s prospectus launch yesterday. Tan said the group also expects to benefit from expansion opportunities in East Malaysia, particularly in Sabah. “The reason we are expanding into East Malaysia is that we see increasing activity there, particularly in Sabah. We have also secured several major projects there, which we will be working on.” Of the total IPO proceeds, OGX is allocating 57.14% for the acquisition and renovation of a new facility, 4.76% for the expansion of the company’s portfolio of IT infrastructure brands, and 3.81% for geographic expansion into East Malaysia. A further 8.57% will be utilised for the repayment of bank borrowings. Meanwhile, 16.19% of the proceeds will be allocated for working capital to support operations, with the remaining balance reserved for listing-related expenses. At an issue price of 35 sen, OGX will have a market capitalisation of about RM262.5 million upon listing, scheduled for March 12. OGX’s profitability has improved over the past four financial years, with profit after tax rising from RM1.81 million in FY22 to RM15.46 million in FY25, representing a three-year compound annual growth rate of 104.41%. Profit margins also expanded during the period, increasing from 2.18% in FY22 to 8.77% in FY25, before moderating to 7.24% in the financial period ending 2025. For the financial period ended 2026, the group reported profit after tax of RM9.13 million, up 88.25% from RM4.85 million in the corresponding period previously, with margins improving to 8.63%. Tan said the group aims to maintain its current margins post-listing, although earnings may fluctuate given the project based nature of the business. “As we are project-based, some years may see more complex or higher-value projects. While there is no certainty, we will strive to maintain at least the current level of margins.” OGX chairman Tan Ting Fong said that, since its origins as an authorised distributor, OGX Group has grown and evolved into an 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,“ he said. UOB Kay Hian (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO. - by HAYATUN RAZAK

From left: Wong, Malaysian Communications and Multimedia Commission Deputy Managing Director (Development) Eneng Faridah Iskandar; Deputy Communications Minister Teo Nie Ching; Fahmi; Tourism, Arts and Culture Ministry Deputy Secretary-General (Tourism) Chua Choon Hwa; Edotco Group CEO Adlan Tajudin; and Malaysia Airports Holdings Bhd managing director Datuk Mohd Izani Ghani. M’sia enhances 5G coverage at major transport hubs

Ű BY HAYATUN RAZAK sunbiz@thesundaily.com

o Seamless internet connectivity at key gateways leaves positive impression of country and uplifts visitors’ overall experience: Fahmi

SEPANG: Malaysia is ramping up 5G coverage at major transport hubs to ensure visitors experience world-class connectivity from the moment they arrive, Communications Minister Fahmi Fadzil said. He said seamless connectivity, alongside efficient operations at airports – often the first touchpoint for travellers – would shape visitors’ overall impression of the country. “And if they get not only good services from the staff at the airport, but also from the convenience of the internet, which is also very fast, making it easier to help them, this will definitely have a positive impact on what they see and enjoy in Malaysia,” Fahmi told reporters at U-Mobile Ultra5G in-building coverage (IBC) launch at Kuala Lumpur International Airport Terminal 1 (KLIA Terminal 1) yesterday. He said this milestone reflects Malaysia’s strong progress in expanding high-quality 5G connectivity in high-impact locations. “While Malaysia has attained an impressive level of 5G coverage nationwide, transport hubs will act as innovation zones where high-speed 5G can power applications such as safety systems, robotics and artificial intelligence to elevate the visitor experience.” Fahmi said transport hubs serve as the country’s first point of contact for visitors and play a crucial role in facilitating trade, tourism

U Mobile CEO Wong Heang Tuck said the company is committed to the country’s digital ambitions and has been aggressively ex panding its 5G coverage across townships and states. “We have also played an active role in digitising various verticals by deploying indoor 5G coverage across various buildings, enabling seamless 5G connectivity at critical facilities such as hospitals, convention centres, government offices and retail hubs,” he added. With the support of Edotco, Wong said, U Mobile has deployed advanced 5G IBC solutions throughout all floors and facilities of the various transport hubs. “With our 5G infrastructure in place, it unlocks digitisation opportunities as these transport hubs may now enable services like AI enhanced surveillance and robotics for improved service delivery.” The company plans to expand its indoor 5G coverage to more transport hubs in 2026, including Kuching International Airport, Penang International Airport, Sultan Ismail International Airport, Sultan Ahmad Shah International Airport, KL Sentral and Johor Bahru Sentral, among others.

and overall economic activity. “The 5G in building coverage deployed at these six hubs will be a game-changer, not only for travellers, but also for staff, retailers, and operations, enabling greater efficiency and productivity to advance connectivity.” U Mobile, Malaysia’s second 5G network provider, supported by Edotco, Malaysia’s national digital infrastructure partner, is rolling out 5G in-building coverage at major transport hubs. As a start, 5G indoor coverage is available at six key transport hubs – KLIA Terminal 1, KL International Airport Terminal 2, Kota Kinabalu International Airport, Langkawi International Airport, Penang Sentral and Terminal Bersepadu Selatan, with more locations to come. Tourists, staff and visitors who are U Mobile customers will be able to enjoy the telco’s ULTRA5G experience across the various transport hubs, made possible by its advanced 5G IBC solutions, supported by Edotco’s infrastructure. In light of Visit Malaysia 2026, the telco also unveiled a first-of-its-kind ULTRA Tourist Plan, which offers international tourists 100GB of ultra-fast data for 24 hours at no cost.

Kee Ming in position to tap opportunities in key growth sectors PETALING JAYA: Mechanical and electrical (M&E) engineering solutions provider Kee Ming Group Bhd is well-positioned to tap long-term structural growth trends as Malaysia continues to invest in industrial infrastructure, data centres and renewable energy initiatives. conditioning and mechanical ventilation, fire protection systems, and increasingly, solar-related engineering works. debut on the ACE Market yesterday. The group’s shares opened at 79 sen, representing a 107.89% premium over its initial public offering (IPO) price of 38 sen.

Over the years, the group has developed strong in-house technical capabilities across engineering design, installation, testing, commissioning, and maintenance, enabling us to support industrial, commercial, and residential developments across Malaysia. “With favourable industry dynamics in Malaysia, driven by infrastructure development, industrial expansion and renewable energy adoption, Kee Ming is well-positioned for sustainable growth,“ he said after the group’s

Kee Ming is also involved in solar photovoltaic systems, electric vehicle charging infrastructure and interconnection facilities under the Corporate Green Power Programme. These capabilities position it to benefit from rising investments in industrial facilities, data centres and Malaysia’s accelerating green energy transition. Kee Ming raised about RM25.32 million from its IPO via the issuance of 66.63 million shares at 38 sen apiece.

Managing director Liew Kar Hoe said what defines Kee Ming is not merely the scope of services the group provides, but its focus on execution quality, safety standards and long-term client relationships. He said Kee Ming has established itself as a specialist M&E engineering contractor delivering end-to-end solutions across electrical systems, air