We are proud to announce that PMW International Bhd has officially received approval from Bursa Malaysia Securities Bhd for our listing on the ACE Market. This marks a historic milestone in our journey as one of the region’s leading providers of infrastructure solutions.

As part of the IPO exercise, PMW will undertake an initial public offering (IPO) entailing the public issue of 178,411,000 new ordinary shares and an offer for sale of 89,205,000 existing ordinary shares. Of the new shares:

• 44.6 million will be offered to the Malaysian public via balloting
• 22.3 million to eligible directors, employees, and contributors to PMW Group
• 111.5 million to Bumiputera investors approved by MITI
  Meanwhile, the 89.2 million offer-for-sale shares will be made available to selected investors via private placement.

The PMW Group is principally involved in the design, manufacturing, and sale of spun concrete products, serving power transmission and distribution, telecommunications, infrastructure, and construction industries in Malaysia and abroad. Operating multiple manufacturing facilities in Perak and Sabah, PMW also exports to regional and international markets.

CEO Statement

Mr. Lee Hon Hwa, Executive Director and CEO of PMW, said:
“We are very proud to announce that we are one step closer to our objective of listing on the ACE Market of Bursa Securities. This marks a significant milestone in our corporate journey as we strengthen our position as a trusted manufacturer of spun concrete products. The proceeds from the IPO will enable us to venture into the Sarawak market by constructing our new plant in Tanjung Manis, Sarawak and invest in new technology to meet the anticipated demand growth for infrastructure development both locally and internationally.”