PUCHONG: Civil and environmental engineering services provider Wil-Key Bhd has obtained approval to list on Bursa Malaysia’s ACE Market.
Executive director and CEO Eric Yap Ming Der said the approval recognises the group’s track record, proven capabilities, and the strategic value it brings to the environmental engineering ecosystem and the broader equity market.
“Demand in our core markets is driven by environmental regulation and essential public services.
“The upcoming listing will strengthen our capacity to grow our civil and environmental infrastructure and geosynthetic businesses, and to expand into the engineering, procurement, construction and commissioning (EPCC) of renewable energy facilities, particularly biogas power generation facilities,” Yap said.
Wil-Key specialises in providing civil and environmental infrastructure services, supplying and installing geosynthetic systems, and supplying related products and services.
Headquartered in Puchong, Selangor, with operational facilities in Selangor and Johor, the group has a track record of approximately 25 years, having commenced operations in 2001.
The group serves environmentally regulated sectors, including waste management, biogas and renewable energy, water and wastewater treatment, agriculture and aquaculture, and public infrastructure.
Its customers include waste management operators, biogas plant owners, palm oil mill operators, aquaculture and plantation owners, and EPCC contractors and construction companies.
The group is involved in constructing a new sludge management facility with a project value of RM138 million, awarded by the Public Utilities Board of Singapore in 2024.
Wil-Key’s initial public offering (IPO) entails a public issue of 88.46 million new ordinary shares and an offer for sale of 38.25 million existing shares.
Collectively, these represent 28.2% of Wil-Key’s enlarged issued share capital of 450.0 million ordinary shares upon listing.
The group aims to be listed by Q1 of 2027.
TA Securities Holdings Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for the IPO exercise.