5E Resources Gets Bursa's Approval ACE Market Listing
JOHOR BAHRU, Jan 13 (Bernama) -- Waste management services provider 5E Resources Holdings Bhd (5E Resources) has received approval from Bursa Malaysia Securities Bhd for its proposed listing on the ACE Market.
5E aims to complete its listing in the second quarter of 2026, a significant milestone that will strengthen its capital base and support the next phase of business expansion.
Through its subsidiaries, 5E Resources provides scheduled waste management services, including testing, collection, recovery, and recycling of scheduled wastes, while also supplying recovered and recycled products and trading chemicals and other related products.
The group is licensed to manage 34 of 77 regulated scheduled waste categories and operates multiple licensed facilities in Johor, with plans to expand into Perak, supported by an in-house accredited laboratory and research and development capabilities.
In a statement today, 5E said its proposed initial public offering (IPO) comprises a public issue of 304.5 million new ordinary shares and an offer for sale of 154 million existing shares, collectively representing 29.8 per cent of the group’s enlarged total of 1.54 billion shares upon listing.
“The public issue of 304.5 million shares will be allocated as follows: 77 million shares for application by the Malaysian public; 35 million shares for application by eligible directors, employees, and other persons who have contributed to the success of the group.
“192.5 million shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI),” it added.
The IPO also includes an offer for sale of 154 million existing shares to selected investors by way of private placement.
TA Securities Holdings Bhd acts as the principal adviser, sponsor, underwriter, and placement agent for the IPO.
Executive director and chief executive officer of 5E Resources Lim Te Hua said Bursa Malaysia’s approval marked an important milestone for the group and reflected its strong operating track record, regulatory compliance, and commitment to sustainable waste management.
He added that the group remains focused on expanding operational capabilities, strengthening recovery and recycling technologies, and supporting Malaysia’s transition towards a circular economy.
TA Securities corporate finance head Ku Mun Fong said the IPO would provide 5E with financial flexibility to expand its facilities and further enhance its service offerings.
He said that 5E's strong operational foundation and clear growth strategy position the group to capitalise on opportunities in Malaysia’s scheduled waste management sector.
Proceeds from the IPO are intended to partly finance the construction and purchase of machinery and equipment for a new scheduled waste management facility in Perak and to support working capital requirements in line with the group’s long-term growth strategy.
-- BERNAMA
