SumiSaujana Group Berhad (“SumiSaujana” or “the Company”) has made its official debut on the ACE Market of Bursa Malaysia Securities Berhad, marking a major milestone in its corporate journey. Opening at RM0.18 per share, the Company is now publicly traded under the stock name “SUMI” and stock code “0349”. This marks a significant step forward for the Group, a well-established manufacturer of specialty chemicals for the oil and gas (O&G) industry. Since its inception in 2010, SumiSaujana has built a strong reputation for delivering high-performance chemical solutions across the upstream, midstream, and downstream segments of the O&G sector. Its wide-ranging product offerings—including drilling fluid chemicals, production chemicals, and refinery additives—play a vital role in improving efficiency, safeguarding equipment, and supporting refining operations. With a firm foothold in the global market, more than 70% of the Group’s revenue is derived from international regions such as the Asia Pacific, Middle East, Africa, Europe, and the Americas.
The Company’s initial public offering (IPO) successfully raised RM74.40 million, with strategic plans in place for the deployment of the funds. RM40.20 million will go toward acquiring a new warehouse and corporate office in Puncak Alam, aimed at consolidating operations and enhancing logistical efficiency. An additional RM18.90 million is earmarked for the purchase of the Group’s existing factory in the same area, securing a stable long-term base for its manufacturing activities. To strengthen its technological capabilities, RM2.08 million will be allocated for capital expenditures including IT infrastructure and the installation of solar photovoltaic systems. The Group also plans to invest RM7.62 million into a new research and development laboratory, further supporting innovation in specialty chemical solutions. Meanwhile, RM5.60 million will be used to cover listing-related expenses.
Commenting on the occasion, Executive Deputy Chairman Mr. Toh Chee Seng expressed pride in the Group’s listing achievement, describing it as both a historic milestone and a strategic leap forward. He highlighted that this new phase not only reflects the Group’s resilience and innovation over the years but also sets the stage for greater opportunities as a publicly listed company. Mr. Toh further emphasized that becoming a listed entity provides a robust platform to expand infrastructure, deepen market reach, and strengthen customer relationships across global markets. With its sharpened focus on long-term growth, SumiSaujana is dedicated to driving continued innovation, operational excellence, and sustainable value for all stakeholders.
The IPO process was guided by RHB Investment Bank Berhad, which served as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent, ensuring a successful market entry for SumiSaujana Group Berhad.