KJTS Group Berhad , a specialised building facilities provider , has officially launched its initial public offering ( IPO ) at RM 0.27 per share . The company , known for its involvement in cooling energy , cleaning , and facilities management , has established a strong presence in regional markets across Malaysia , Singapore , and Thailand . The IPO ’ s target price is set at RM 0.33 , indicating a potential upside of 22.2 % from the initial offering price . This optimistic outlook is backed by KJTS ’ s robust portfolio of unbilled EPCC projects in the cooling energy systems segment , amounting to RM 32.5M , and its consistent revenue from cleaning services contracts . Founded in 1984 , KJTS initially focused on air-cooled split unit installation and servicing . |
The company has since expanded , landing its first EPCC contract for a district cooling system in Kuala Lumpur in 1997 . This project marked the beginning of a series of successes , including a significant contract in 2003 for a mixed-development project in Mid Valley City , Kuala Lumpur , and another in 2008 with a semiconductor manufacturer in Muar , Johor . KJTS ’ s expansion continued with its foray into Singapore in 2019 through the acquisition of KJ FEM and into Thailand in 2021 with the incorporation of KJTN Engineering . Today , KJTS is a diversified specialist in building support services , offering a range of solutions from cooling energy to facility management . |
Vance Street Capital ’ s portfolio company , Micronics Engineered Filtration Group ( Micronics ), a provider of aftermarket filtration consumables , announced the acquisition of Solaft Filtration Solutions ( Solaft ), an innovative , vertically integrated , global industrial filtration solutions provider with in-house product design capabilities , research & development facilities and manufacturing operations in Australia , Brazil , China , and India . Founded in 1983 , Micronics is a global provider of aftermarket and OEM filtration equipment and consumables . The Company serves a diversified base of approximately 3,000 customers across over 20 distinct end markets , including mining and |
mineral processing , energy and power generation , battery recycling , chemical manufacturing , pigments and dyes , food and beverage , steel and iron processing , aggregates , cement and asphalt , pharmaceutical and biotech , and water / wastewater treatment end markets . The acquisition of Solaft expands Micronics ’ portfolio of engineered filtration solutions and its geographic footprint to better serve its global customers ’ filtration needs in industries such as aluminum , alumina , power generation , and steel , where demanding environmental / emissions control needs require deep technical filtration expertise , application knowledge , and a localized , consultative approach . |