31/03/2026

BIZ & FINANCE TUESDAY | MAR 31, 2026

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BIMOffice to tap into shift towards digital construction

ACE Market-bound 5E Resources aims to raise RM79m from IPO KUALA LUMPUR: Waste manage ment services provider 5E Resources Holdings Bhd aims to raise RM79.2 million through its initial public offering (IPO) in conjunction with its scheduled listing on the ACE Market of Bursa Malaysia Securities on April 15. The IPO entails the issuance of 304.5 million new ordinary shares at an issue price of 26 sen per share. Of the total, 77 million shares are allocated to the Malaysian public, 35 million shares to eligible directors, employees and persons who have contributed to the group’s success, while 192.5 million shares are set aside for Bumiputera investors approved by the Ministry of Investment, Trade and Industry. Additionally, 154 million existing shares will be offered for sale via private placement to selected investors. Executive director and CEO Lim Te Hua said the IPO proceeds will be utilised to support the group’s next phase of growth, including the development of a new scheduled waste management facility in Perak, as well as the acquisition of machinery and equipment and for working capital purposes. “We expect construction of the Perak facility to be completed by the end of 2029. Operations are targeted to commence in the first half of 2030,” he said during a press conference after the launch of the company’s pros pectus here yesterday. He added that the group has already acquired the land for the Perak facility. Lim also said the group’s ongoing expansion at the PLO 321 facility in Johor Bahru, adjacent to its existing scheduled waste management facilities, is expected to commence operations in the second half of 2026. COO Shankar Narasingam said the group will prioritise ramping up production at its Johor facilities, including the new plant, before progressing further with the expansion in Perak. “Our immediate focus is on the Johor plant, as it is important for us to build revenue and profitability from this facility.” TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO. – Bernama

KUALA BIMOffice Group Bhd is positioning itself to ride Malaysia’s accelerating shift towards digital construction as developers increasingly turn to technology to manage rising costs and improve project efficiency. Group managing director Ooi Choon Lim said the company’s listing on Bursa Malaysia’s LEAP Market provides a platform to broaden its market reach, strengthen project delivery capabilities and support participation in larger, more complex projects. “BIM (Building Information Modelling) adoption has picked up significantly as higher material costs push developers to optimise spending through digital solutions,” he said at a press conference follow ing the group’s listing ceremony yesterday. Shares in the small-cap company made a strong debut, rising 76.7% at the opening bell to 26.5 sen, up 11.5 sen from its reference price of 15 sen, with 40,000 shares traded. BIMOffice closed at 29.5 sen, up 14.5 sen or 96.67% from its reference price, with 116,600 shares traded. BIMOffice raised RM3 million from its listing through the placement of 20 million new shares at 15 sen each, representing 10% of its enlarged share capital of 200 million shares. Of the proceeds, RM1.7 million has been earmarked for working capital, RM500,000 for capital expenditure and RM800,000 for o Building Information Modelling specialist makes strong debut on LEAP Market, opens at 76.7% premium over reference price Ű BY HAYATUN RAZAK sunbiz@thesundaily.com LUMPUR:

From left: Thinkat Advisory director Karl Frederiks; BIMOffice non-independent non-executive director Ooi Poh Lim, executive director Tan Kean Eng, Ooi Choon Lim and chairman Norsiake Kassim; and Thinkat Advisory director Terence Yei.

On external risks, Ooi said geopolitical tensions, including developments in the Middle East, have not had a direct material impact on the group, given its focus on Malaysia and Singapore. However, he noted that rising energy and material costs could affect developers’ project timelines and pipeline visibility. “When material prices rise, clients become more cost conscious. One way to manage that is through digital transformation, and BIM plays a key role,” he said. Looking ahead, BIMOffice aims to expand its presence across developers, contractors and govern ment-linked projects, while moving into higher-value digital offerings such as digital twin solutions. Thinkat Advisory Sdn Bhd is the approved adviser, placement agent and continuing adviser for the company’s LEAP Market listing.

forward in its regional growth strategy. Its client base includes TRX City Sdn Bhd, Gadang Engineering, Intabina, WCT Holdings Bhd, Pavilion REIT and China State Construction Engineering Corporation. Margins have also improved. Gross profit margin rose to 54.67% in FY2025 from 45.35% a year earlier, while profit after tax margin increased to 32.93% from 13.89%. Ooi attributed the improvement to a higher number of projects secured, a shift towards more comprehensive and higher-value BIM services, and better operational efficiency from strengthening its in house team and reducing reliance on outsourcing. The group has also benefited from more complex, multidisciplinary projects, inclu ding those related to data centres, which typically command higher margins.

listing expenses. The funds are expected to support operational expansion and enhance the group’s BIM capabilities. Upon listing, the group has an indicative market capitalisation of RM30 million. Financially, BIMOffice reported strong growth for the financial year ended 2025, with revenue rising 118% to RM4.33 million from RM1.98 million previously. Profit after tax increased to RM1.43 million from RM280,000. Ooi said the group remains on firm footing, supported by an order book of RM6.26 million, which provides earnings visibility through to 2027. The company has been involved in data centre-related projects for both local and foreign developers and expanded into Singapore in 2024, marking its first overseas revenue contribution and a step

Paragon Globe, GSP Automotive team up to build ‘AutoPark’ in Johor PETALING JAYA: Main Market-listed Paragon Globe Bhd (PGB) signed a strategic partnership collaboration agreement with GSP Automotive Malaysia Sdn Bhd, a subsidiary of China-based GSP Automotive Group for the joint development of a specialised, automotive-focused in dustrial cluster (AutoPark) in Iskandar Puteri, Johor. structural evolution for the group. “We are no longer just developing industrial properties; we are archi tecting complete, high-value in dustrial ecosystems. “The Johor-Singapore Special Economic Zone presents a genera tional opportunity to position Iskandar Puteri as a regional hub for advanced manufacturing. Consumer Affairs and Human Resources Committee chairman Lee Ting Han. As master developer and ecosystem integrator, PGB will oversee the planning, coordination and delivery of the AutoPark, while pursuing GreenRE certification to ensure the infrastructure meets the stringent sustainability standards required by global supply chains. Automotive Group supplies high quality automotive components to over 120 countries. Acting as the ecosystem anchor, GSP will leverage its global network to establish R&D centres, automated distribution hubs, and manufacturing plants within the AutoPark, gua ranteeing unparalleled supply chain efficiency. cluster in Johor. “Looking ahead, GSP will continue to deepen its investment in Malaysia, working closely with partners and stakeholders to build a modern manufacturing base that contributes meaningfully to regional economic growth.

“This collaboration is strongly aligned with the strategic direction of the JS-SEZ in accelerating cross border advanced manufacturing. It also further reinforces PGB’s position as the preferred developer for multinational companies seeking sustainable industrial space in Johor.” The AutoPark builds on the group’s proven track record of securing and integrating high-profile international clients across its industrial corridors.

GSP Automotive Group CEO Richard Zhou said as a manufacturing enterprise, the company firmly believe that business growth should go hand in hand with local economic and social development. “This project is expected to create employment opportunities, support talent development, and foster the growth of an automotive industry

“By anchoring this AutoPark with a globally recognised manufacturer like GSP, we are creating a powerful magnet for foreign direct investment, international suppliers, and tech innovators, driving sustainable, long term value for our shareholders,” he said. The signing event was witnessed by Johor State Investment, Trade,

PGB is allocating about 47 acres of its 109-acre land in Iskandar Puteri to develop an integrated automotive supply chain hub with GSP, signalling a shift from simply selling land to jointly developing a broader industrial ecosystem. PGB executive chairman Datuk Seri Edwin Tan Pei Seng said this agreement marks a strategic and

Crucially, PGB will also introduce its strategic banking partner, United Overseas Bank (Malaysia) Bhd (UOB Malaysia), to facilitate seamless access to project financing and operational banking solutions for GSP and its network. Founded in 1985 and listed on the Shanghai Stock Exchange, GSP