KUALA LUMPUR (Jan 12): Impact Capital Holdings Bhd, a Sarawak-based technology equipment and systems firm, has filed for listing on the ACE Market to raise funds for expansion and operations.

The company plans to expand its operations by setting up new offices in Peninsular Malaysia as well as in East Malaysia, according to the draft prospectus of its initial public offering (IPO). The company also plans to hire 60 new staff, including engineers, sales representatives, and project managers.

“The focus will be on hiring skilled professionals with the requisite technical expertise and industry knowledge necessary to support and sustain our group’s operations,” Impact Capital said.

Impact Capital is mainly involved in integration of information and communication technology equipment and systems for critical infrastructure, including telecommunications infrastructure, enterprise networks, data centres, and security systems.

The company serves government agencies, utilities, financial and merchant service providers, and internet technology companies as well as other corporate clients.

The company made a net profit of RM7 million on revenue of RM145 million in the 12 months ended June 2025. Nearly all of its revenue in latest years were from Malaysia and international income has been negligible.

Part of the IPO proceeds have also been earmarked for a digital innovation and solutions centre that will functions as a demonstration and testing centre, Impact Capital said. The rest of the funds to be raised will be used as working capital, marketing expenses, and to defray listing expenses.

Co-founders Winston Chai Fung Chun and Kok Teck Kuan are also putting up a small part of their existing shares in the company for sale in the IPO. Post-listing, they will jointly control 65% in Impact Capital with another co-founder Chyr Ye Hong.

Public Investment Bank is the IPO’s principal adviser, sponsor, sole underwriter and sole placement agent.