Managing director Tan Beng Beng said the factory, dubbed as Facility 42A, which the group acquired last year, is still only minimally utilised as the group gradually moves in machinery and operations. (From left): Ambest Group Bhd independent non-executive director Wong Thai Sun, Malacca Securities MD Lim Chia Wei, Ambest Group MD Tan Beng Beng, executive director Lim Eng Guan, independent non-executive chairman Tan Sri Samshuri Arshad, independent non-executive director Lok Man Shung and Wyncorp Advisory managing director Wong Yoke Nyen at the launch of the prospectus. As at the latest practicable date (LPD), Ambest’s total borrowings stood at RM35.89 million. These machines are expected to collectively increase Ambest’s annual operating capacity by about 4% only, according to the prospectus. Applications for Ambest’s IPO will close on Jan 27, 2026, with the company scheduled to list on the ACE Market on Feb 6, 2026.

Source: The Edge Markets January 21, 2026 06:32 UTC