A Strategic Move Towards Growth
Lim Seong Hai Capital Berhad (LSH Capital) has officially launched its prospectus in conjunction with its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia). The launch event was held at Shangri-La, Kuala Lumpur, marking a significant milestone in the company’s journey towards long-term growth, market expansion, and greater investor engagement.
LSH Capital’s Diversified Business Portfolio
LSH Capital, along with its subsidiaries (the Group), is a fully integrated construction company, offering expertise in construction and engineering works, construction-related services, and the supply of construction products. Beyond its core business, the Group has an established presence in the wholesale and retail of lighting, mechanical and electrical (M&E) products, hardware, and tools through 12 physical retail stores across the Klang Valley and online e-commerce platforms.
The Group has also ventured into property development, with projects such as LSH Segar in Cheras and Lake Side Homes in Sungai Besi, showcasing its commitment to leveraging its expertise in construction while expanding its footprint in the real estate sector.
Public Offering Details
The Public Offering consists of 191.0 million ordinary shares priced at RM0.88 per share, comprising:
16.8 million new shares for the Malaysian public,
12.6 million new shares for eligible directors, employees, and key contributors, and
161.7 million shares for Bumiputera investors approved by the Ministry of Investment, Trade, and Industry (MITI) and other institutional/private investors.
Upon successful listing on the ACE Market, LSH Capital will have an estimated market capitalisation of RM737.8 million, based on the issue price and an enlarged share capital of 838.4 million shares. The proceeds will strengthen working capital for ongoing and future construction projects and cover expenses related to the Transfer of Listing.
A Vision for the Future
Tan Sri Datuk Seri Lim Keng Cheng, Non-Executive Chairman of LSH Capital, emphasized the company’s strategic vision, stating:
“As we transition to the ACE Market, our mission remains clear: to grow responsibly, innovate continuously, and deliver long-term value to stakeholders. This listing is more than just a financial milestone—it is a strategic move that allows us to expand capabilities, strengthen our financial position, and create opportunities for investors and partners.”
He further outlined future ambitions, stating:
“This marks the beginning of an exciting journey. We aim to expand our construction and related services, strengthen our presence in infrastructure concession ownership, and ultimately move towards the Main Market to scale our impact even further.”
AmInvestment Bank’s Support and Recognition
Ms. Tracy Chen Wee Keng, CEO of AmInvestment Bank Berhad, highlighted the significance of LSH Capital’s achievement:
“The successful transfer of LSH Capital’s listing from the LEAP Market to the ACE Market is a testament to the company’s strong fundamentals, growth trajectory, and commitment to excellence. As the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for this exercise, AmInvestment Bank is proud to support LSH Capital in this major milestone.”
She also emphasized how this transition enhances LSH Capital’s visibility in the capital market, providing greater funding access and investor participation opportunities
With its listing transfer, diversified revenue streams, and strategic growth plans, LSH Capital is well-positioned to navigate industry challenges, drive long-term shareholder value, and solidify its market leadership. The company’s journey towards greater expansion and innovation continues as it strengthens its presence in the construction, engineering, and property development sectors.
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