This article first appeared in The Edge Financial Daily, on May 20, 2016.

KUALA LUMPUR: HSS Engineers Bhd (HSS), the project management and engineering consultancy services company that delayed its listing last year, looks set to make its debut on the ACE Market of Bursa Malaysia this year.

According to sources, the listing will take place around August. The Edge Financial Daily understands that M&A Securities Sdn Bhd has been appointed the merchant banker to handle the flotation exercise.

A check on the Companies Commission of Malaysia reveals that HSS Engineers shareholders are Flamingo Works Sdn Bhd and Victech Solutions Sdn Bhd — each holds a 40% stake — while the remaining 20% is split equally between individuals Matthew Philip VC Philip and Vimalanathan Perumal.

Flamingo Works is 98%-controlled by the family of the late Datuk Santhakumar C Sivasubramaniam, while Fatimah Sulaiman and Shairah Begum Kadar Bashah equally own the remaining 2%.

As for Victech Solutions, Datuk Kunasingam V Sittampalam has a 98% stake in it, with Fatimah and Shairah owning 1% each.

HSS Engineers’ main asset is HSS Engineering Sdn Bhd. Revenue generated by HSS Engineering in the financial year ended Dec 31, 2014 was about RM99.67 million, with a net profit of about RM8 million.

As at end-December 2014, the company’s total assets stood at RM60.9 million, while its total liabilities were RM38.1 million.

Other companies under the HSS Engineers banner include: BIM Global Ventures Sdn Bhd, HSS BIM Solutions Pvt Ltd (which is incorporated in India), HSS Integrated Sdn Bhd and HSS Mekanikal & Elektrikal Sdn Bhd.

HSS Engineers has been involved in many large-scale projects, including the Kuala Lumpur International Airport and low-cost carrier terminal klia2, the widening of the Penang Bridge, the Malaysia-Singapore second crossing, the Kwasa Damansara township and the Putrajaya administrative centre, to name a few.