ACE Market-bound information technology (IT) solutions outfit MM Computer Systems Bhd (MMCS) has submitted its draft prospectus to Bursa Malaysia Securities Bhd in conjunction with its proposed listing which marks a significant milestone in the group’s growth journey.
The exercise is managed by Malacca Securities Sdn Bhd which also acts as the principal adviser, sponsor, underwriter and placement agent with SCS Global Advisory (M) Sdn Bhd acting as the corporate finance adviser.
Through its wholly-owned subsidiaries Micro Technology Solution Sdn Bhd (MTS) and SMIND Sdn Bhd (SMIND), MMCS delivers a full spectrum of IT solutions encompassing IT infrastructure and networking solutions, cybersecurity solutions and IT outsourcing services.
With 22 years of operational experience, the group serves a diverse portfolio of government-linked companies (GLCs), enterprises and corporations.
MMCS also works closely with leading technology principals such as Dell Technologies, Trend Micro, Hewlett Packard Enterprise (HPE), IBM, Sangfor Technologies and Ruijie Networks to deliver secure and scalable digital solutions.
MMCS posted a revenue of RM73.7 mil in its FY2024 ended Dec 31, 2024 with a net profit of RM8.7 mil underpinned by the strong growth in its design, implementation and configuration of IT solutions segment as well as the provision of IT outsourcing services segment.
As businesses accelerate their digital transformation, the group continues to play a critical role in enabling digitalised IT infrastructure equipped with cybersecurity solutions that safeguard business-critical data and applications.
The proposed IPO aims to enhance MMCS’ financial strength and visibility as it pursues its next phase of expansion. The group plans to utilise proceeds from the listing to:
- Procure IT hardware and software to support larger projects;
- Enhance technical and workforce capabilities through recruitment and certifications; and
- Partly re-pay bank borrowing linked to the group’s new headquarters and cover listing expenses.
“Our proposed listing on the ACE Market represents an important step in our strategic growth plan transforming from an established IT solutions provider to a growth-focused technology group,” commented MMCS’ managing director and CEO Macken Young.
“It’ll allow us to capture market’s growing demand in Malaysia’s growing digital economy, enhance our capabilities and serve clients better.”
MMCS’ IPO comprises a public issue of 119 million new shares and an offer for sale of 47.34 million existing shares. The public issue is structured as follows:
- 28.35 million shares available for application by the Malaysian public;
- 28.35 million shares for eligible directors, employees and persons who have contributed to the success of MMCS and its subsidiaries;
- 38.77 million shares for private placement to selected investors; and
- 23.53 million shares for private placement to Bumiputera investors approved by the Investment, Trade and Industry Ministry (MITI). – Oct 7, 2025
