KUALA LUMPUR (Feb 13): Enterprise information and communications technology (ICT) solutions provider RedPlanet Bhd has filed for an initial public offering (IPO) to facilitate its transfer from the LEAP Market to the ACE Market. The IPO involves a public issue of 70 million new shares and an offer for sale of up to 10 million existing shares, according to the draft prospectus filed with Bursa Malaysia on Friday. Its shareholders have approved the listing transfer following an extraordinary general meeting on Nov 10, 2025. Its clientele spans government agencies, multinationals and local corporates across sectors including utilities, rail, energy, infrastructure, ICT, engineering and environment. For the financial year ended June 30, 2025, the company made a net profit of RM5.18 million on the back of RM33.3 million in revenue.

Source: The Edge Markets February 13, 2026 06:28 UTC