KUALA LUMPUR (March 27): AMS Advanced Material Bhd is now accepting applications from investors for its listing as the aluminium supplier seeks to raise about RM46 million from the ACE Market. Based in Penang, AMS Advanced Material is mainly involved in the trading of semi-finished aluminium and copper products as well as the processing of semi-finished aluminium products. The IPO will offer investors up to a 31% stake in AMS Advanced Material, which made a net profit of RM8.57 million on revenue of RM129.7 million in the 12 months ended September 2025. Based on its IPO price, the company is expected to have a market capitalisation of RM177 million upon listing. “This new facility will enable our group to import, process and distribute semi-finished aluminium products sourced globally,” the company said in its prospectus.

Source: The Edge Markets March 27, 2026 04:42 UTC