[Written in partnership with Malaysia Digital Economy Corporation (MDEC), but the editorial team had full control over the content.]
When Malaysia talks about changing into a high-income, innovation-driven economic system, it’s not a distant future. It’s already taking form in our capital markets.
Over time, Bursa Malaysia has been a launch pad for native small-and-medium enterprises (SMEs) trying to elevate capital, fund future development, facilitate acquisitions or present liquidity for early traders, founders, and staff.
Whereas IPOs are used to lift funds, additionally they mark a vital enterprise milestone—scaling up from a non-public enterprise to constructing a sustainable, clear, and growth-focused firm.
In 2025 alone, many companies took that leap and made their debut on Bursa Malaysia, every bringing one thing completely different to the desk.
Amongst them are six native companies that present how Malaysian SMEs are evolving to drive the nation’s digital economic system ahead.
Mobility
1. HI Mobility
Few firms perceive Malaysia’s transportation challenges fairly like HI Mobility. A subsidiary of Handal Indah Sdn Bhd, HI Mobility is the corporate behind the enduring yellow Causeway Hyperlink “smiley face” buses seen crossing between Johor Bahru and Singapore every day.
Enjoyable reality: It’s the only Malaysian operator offering cross-border bus providers between the 2 nations since 2002.
In the present day, the corporate operates a fleet of over 740 buses, together with 63 electrical autos (EVs) backed by a rising community of digital platforms and sensible infrastructure. Its LUGO app provides real-time bus monitoring, whereas ManjaLink and ManjaPay offers seamless, safe cashless experiences.
HI Mobility debuted on the Foremost Market in March and raised RM115.9 million from its IPO. The funds are getting used to energy its subsequent development part. This consists of increasing its electrical bus fleet, charging infrastructure, and scaling its sensible mobility platforms.
Sharing with us, its CEO Lim Chern Chuen mentioned “We see important potential in leveraging AI for fleet automation, predictive analytics, and autonomous buses to create a safer, smoother, extra environment friendly, and sustainable commuting expertise.”
By combining sustainability with sensible know-how, HI Mobility isn’t just adapting to the way forward for mobility however serving to outline it.
2. TechStore
Ever puzzled who retains Malaysia’s main public transport techniques working easily? Nicely, TechStore is one among them.
Based in 2011, the corporate specialises in enterprise IT options and provides providers reminiscent of built-in techniques, fee and safety capabilities, and infrastructure and facility administration.
It debuted on the ACE Market again in February and raised RM25 million from its IPO. The funds are going in direction of increasing infrastructure and site, in addition to recruiting tech skills.
Managing Director Eugene Tan shared with us, “We knew the timing was proper when our development trajectory and market positioning reached a brand new degree of maturity.”
“Crucial factor is to have readability of function. Equally necessary is constructing robust inner processes, disciplined monetary administration, and a sustainable enterprise mannequin. These foundations not solely put together you for itemizing but in addition maintain your journey as a public firm.”
– Eugene Tan, Managing Director of TechStore
Over the previous decade, the agency has constructed a robust status by way of its involvement in large-scale nationwide transportation initiatives, together with the MRT and LRT strains and cross-border RTS Hyperlink.
With its experience in integrating advanced IT parts into cohesive options, TechStore goals to be a regional chief in sensible infrastructure and digital transformation.
Know-how & Digital Providers
3. ICT Zone Asia
Established in 2000, ICT Zone Asia began off as an info and communication know-how (ICT) gear retailer. In the present day, it’s grown to be a number one agency that helps Malaysia’s rising digital ecosystem.
In a nutshell, the corporate offers IT lifecycle administration options, serving to companies purchase, deploy, handle, and finally recycle their tech {hardware} responsibly.
Following its switch from the LEAP Market to the ACE Market on Bursa Malaysia, ICT Zone Asia raised RM26.6 million from its IPO. Many of the funds are going in direction of increasing its ICT asset base and strengthening its gross sales operations.
This transfer marks investor confidence in its sustainable enterprise mannequin constructed on recurring income streams. For instance, its “Asset Lifecycle” technique (leasing, refurbishing, and reselling gadgets) promotes a extra round digital economic system.
By extending the lifespan of tech, the corporate additionally lowers e-waste whereas giving different enterprise and authorities sectors cost-effective entry to digital instruments.
With its upgraded itemizing, ICT Zone Asia goals to speed up Malaysia’s digital transformation by scaling cloud and device-as-a-service options to assist extra native companies modernise their operations.
ICT Zone can be exploring to be a part of the nationwide strategic initiative, Malaysia Digital (MD) status, because it sees the advantages of working intently with MDEC together with SME digitisation, AI, and digital transformation.
4. PEOPLElogy
In contrast to the others on this checklist, MD Standing firm PEOPLElogy is within the discipline of human sources. Along with MDEC, it’s serving to Malaysia to change into a digital-first nation by way of upskilling one worker at a time.
The primary publicly listed folks growth agency in Malaysia, PEOPLElogy was based in 2001 by Allen Lee. As soon as an schooling counselor, he used to information college leavers in direction of appropriate tutorial paths..
Believing that individuals are the hearts of organisations, he began PEOPLElogy to offer coaching programmes for people and firms. It’s right here that his group developed its 6D Framework to assist skills adapt to digital transformation like automation and AI.
As of Could, PEOPLElogy made its debut on the ACE Market and raised RM26.25 million from its IPO. The funds are earmarked for enterprise enlargement, platform growth, and dealing capital.
“Working with MDEC, PEOPLElogy accelerates its mission to affect 10 million lives, empowering Malaysians to thrive in a digital-first economic system. We imagine transformation begins with folks, and thru our 6D Framework and Build A Future Team initiatives, we’re shaping a future-ready workforce for the nation,” shared Allen Lee, Founding father of PEOPLElogy.
Manufacturing & Automation
5. Oxford Innotech
Since 2014, Oxford Innotech has quietly constructed a reputation for itself as a trusted engineering options associate.
The corporate offers built-in engineering providers throughout key sectors like semiconductors, electronics, and precision manufacturing—industries which have change into more and more very important as Malaysia shifts in direction of high-value tech manufacturing.
Earlier in July, the engineering agency debuted on the ACE Market and traders took fast discover. In response to Bernama, Oxford Innotech’s IPO raised RM41.6 million to increase its presence within the modular constructing techniques, electrical and electronics, and semiconductor sectors.
“Demand in areas like autonomous driving, knowledge centres, and AI continues to drive long-term development on this sector. We’re optimistic about our function in addressing and supporting this demand,” mentioned Ng Thean Gin, Managing Director of Oxford Innotech.
By embedding smarter, data-driven techniques in its engineering processes, Oxford Innotech helps speed up Malaysia additional alongside its IR 4.0 journey whereas strengthening the inspiration of the nation’s digital economic system.
6. ASM Automation
Automation isn’t a luxurious in manufacturing anymore, it’s a necessity. And ASM Automation is one native participant serving to Malaysia’s factories shift in direction of smarter, extra environment friendly operations.
Established in 2010, the Perak-based agency specialises in customized automation techniques for varied industries like F&B and automotive.
From conveyor strains to robotic meeting techniques, ASM Automation’s improvements take repetitive, guide processes and switch them into clever, data-driven operations.
Again in July, the corporate made its ACE Market debut and raised RM21.82 million from its IPO. The funds are being channelled in direction of land acquisition for a brand new manufacturing facility, buying new equipment and gear, and every day operations.
As industries pivot towards IR 4.0, ASM Automation is positioning native producers to remain forward of the curve and aggressive within the international provide chain.
From native ambition to international acceleration
These IPOs aren’t nearly elevating capital, moderately they’re about elevating the bar for what Malaysian companies can obtain.
Collectively, they sign a shift from native ambition to international scale that’s powered by innovation and an ecosystem that permits development at each stage. It’s the identical ecosystem that MDEC has been strengthening by way of its efforts to drive digital adoption, assist high-value industries, and place Malaysia as a hub for regional innovation.
From precision engineering to sensible mobility and digital expertise, these six firms are a testomony that Malaysia’s subsequent period of development is already underway.
- Study extra about MDEC here.
- Learn different articles we’ve written about companies in Malaysia here.
Featured Picture Credit score: PEOPLElogy / Oxford Innotech / TechStore / ICT Zone Asia / ASM Automation / HI Mobility
