# Puchong-Based EGH International Targets RM38.4 Million From IPO

**URL:** <https://puchong.co/t/puchong-based-egh-international-targets-rm384-million-from-ipo/7150>\
**Category:** Economy\
**Created:** [September 25, 2026, 6:37am UTC](https://puchong.co/t/puchong-based-egh-international-targets-rm384-million-from-ipo/7150 "2026-09-25T06:37:04Z")\
**Posts on this page:** 1\
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**Author:** ![fai](https://puchong.co/user_avatar/puchong.co/fai/32/7093_2.png) [@fai](https://puchong.co/u/fai)\
**Post date:** [September 25, 2026, 6:37am UTC](https://puchong.co/t/puchong-based-egh-international-targets-rm384-million-from-ipo/7150/1 "2026-09-25T06:37:04Z")

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![2509businesstoday](https://puchong.co/uploads/default/original/2X/4/49b977967b201790a97cbc93bbd17c4ca26b79e5.png)

Puchong-based **EGH International Bhd (EGHI)** is planning to raise **RM38.4 million** through a new share issuance as the company prepares for a proposed listing on **Bursa Malaysia’s ACE Market**.

The company is a turnkey interior fit-out specialist and also supplies furniture, fittings, equipment and building materials.

### 💰 What Will the IPO Funds Be Used For?

A significant portion of the IPO proceeds will be used to expand EGHI’s operations in **Puchong**.

The company plans to construct a:

- **Five-storey industrial building**
- Approximately **2.67 acres** of land
- Around **130,000 sq ft** of built-up area
- New head office
- Warehouse
- Interior Premium Outlet showroom

The expansion is intended to support larger project volumes and strengthen the company’s retail operations.

### 🏗 Growing Interior Fit-Out Business

EGHI has completed more than **200 projects** over the past 15 years, including projects involving:

- More than 57 hotels and resorts
- 19 healthcare facilities
- 3 educational institutions
- 5 airport lounges

Its projects span Malaysia, Cambodia, India and Hong Kong.

### 📈 IPO Details

The proposed IPO involves **360 million shares at 16 sen per share** , consisting of:

- **240 million new shares**
- **120 million existing shares offered for sale**
- RM38.4 million expected gross proceeds from the new shares

Part of the funds will also be used to repay borrowings, support working capital and cover listing expenses.

IPO applications opened on **24 September 2026** and are scheduled to close on **5 October 2026**. The proposed ACE Market listing is targeted for **16 October 2026** , subject to change.

### 📍 Why This Matters to Puchong

This is notable for the local economy because a Puchong-based company is planning a substantial expansion **within Puchong itself**.

The new headquarters, warehouse and showroom could increase business activity around the area while supporting the company’s future expansion in interior fit-out, furniture and building-related services.

**What do you think?**

Do you think the expansion of local companies like EGHI could create more business opportunities for Puchong’s commercial and industrial areas?

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**Source:** [businesstoday](https://www.businesstoday.com.my/2026/09/24/egh-international-targets-rm38-4-million-from-ace-market-ipo/)  
**Published Date:** 2026-09-25T06:36:00Z