GTA Holdings Berhad began trading on the ACE Market of Bursa Malaysia Securities Berhad on September 8, 2026, with shares opening at RM0.35 per share. The investment holding company, which operates through a subsidiary specializing in aviation maintenance, repair and overhaul (MRO) services, secured stock code 0469 under the name "GTA".

The listing provides capital for strategic growth initiatives in the aerospace sector. GTA’s subsidiary operates from the Helicopter Centre at Sultan Abdul Aziz Shah Airport in Subang, serving aviation operators, MRO customers, and defence-linked end markets. The company holds technical certifications and maintains relationships within the Safran S.A. and EPI, Inc. ecosystems.

Use of Proceeds

The company outlined specific allocations for the gross proceeds raised from the public issue. Approximately RM25.00 million will partially repay bank financing used to establish a new operating facility. Another RM10.00 million is designated for expanding helicopter MRO activities in the Middle East.

An additional RM5.90 million will support expansion into the MRO of landing gear, wheels, and brakes for fixed-wing aircraft. The company set aside RM24.15 million for working capital requirements and RM6.70 million to defray listing expenses.

Management Commentary

Dato' Nonee Ashirin binti Dato' Mohd Radzi, Managing Director and Chief Executive Officer, stated that the listing positions GTA for sustainable growth and global opportunities. She emphasized that the proceeds will deepen aviation support capabilities and strengthen Malaysia's aerospace ecosystem under the company's "Engineered By Trust" promise.

Mr Phang Siew Loong, Head of Equity Markets at Hong Leong Investment Bank Berhad, noted that the listing reflects the group's operating track record and specialized technical expertise. Hong Leong Investment Bank Berhad served as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for the transaction.

GTA Holdings Berhad received strong investor demand for its initial public offering, with the Malaysian public portion oversubscribed 22.16 times. The aviation maintenance, repair and overhaul (MRO) specialist is scheduled to list on the ACE Market of Bursa Malaysia Securities Berhad on September 8, 2026.

The IPO comprised 329.0 million ordinary shares, split between a public issue of 205.0 million new shares and an offer for sale of 124.0 million existing shares. The total application value from the Malaysian public reached approximately RM523.35 million, reflecting robust interest in the company’s specialized aerospace services.

Subscription Breakdown

The retail offering attracted 13,797 applications for 1,495,291,500 issue shares. Demand varied significantly between investor categories:

• Bumiputera portion: Oversubscribed 29.14 times with 8,450 applications for 972,948,700 shares.
• Non-Bumiputera portion: Oversubscribed 15.18 times with 5,347 applications for 522,342,800 shares.

Institutional and Employee Allocation

Hong Leong Investment Bank Berhad (HLIB), acting as Sole Placement Agent, confirmed that all 251,519,100 institutional shares have been fully placed. This tranche included 127,519,100 new issue shares and 124,000,000 existing shares allocated to institutional and selected investors.

Additionally, the 12,913,500 shares reserved for eligible directors and employees under the Pink Form Allocation were fully subscribed.

Strategic Outlook

Dato' Nonee Ashirin binti Dato' Mohd Radzi, Managing Director and CEO of GTA Holdings Berhad, stated that the response reflects confidence in the company’s technical capabilities and long-term growth strategy. The company plans to use the proceeds to establish a new operating facility, expand aviation support capabilities, and pursue regional opportunities.

Ms. Lee Jim Leng, Group Managing Director/CEO of Hong Leong Investment Bank Berhad, noted that the positive response highlights the market’s recognition of GTA’s specialized position within Malaysia’s aviation support industry.