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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesSLGC Berhad plans to expand its commercial and industrial (C&I) construction work, with management prioritising design-and-build opportunities while completing projects already on its books. The company listed on Bursa Malaysia’s ACE Market on 6 October 2026. Its growth case rests on converting a largely residential order book and a prospective C&I tender pipeline into completed, recognised work—not on contracts already secured for every opportunity.
What SLGC does
SLG Construction describes itself as a Malaysian CIDB G7 building contractor working on residential and non-residential buildings, including commercial, industrial and mixed-use projects. It primarily acts as a main contractor and offers both building construction and design-and-build services. Depending on a contract’s scope, its work may also include external and ancillary works. The company’s service description says conventional building construction generally begins after the customer’s appointed consultants complete the design; design-and-build is a separate service category.
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The company says it bids on tenders invited by building owners, developers and project consultants. Its stated C&I expansion is therefore a strategy to pursue more suitable work, rather than evidence that a particular tender has already been won.
What management says it will do after the IPO
At the prospectus launch, managing director Yong Zhen Lin said the immediate priority was to execute existing jobs. He also said the company would continue focusing on commercial and industrial projects and prioritise design-and-build opportunities over the next three years. BernamaBiz reported those comments on 10 September 2026.
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On listing day, The Star reported that SLGC planned to execute current projects while replenishing its order book. The report described management’s view that investment in manufacturing, logistics, data centres and other facilities was creating industrial tender opportunities. That is management’s explanation of potential demand, not confirmation that those opportunities have become SLGC contracts.
Order book and the FY2026–FY2027 target
SLGC reported an unbilled order book of RM1.0 billion as at 12 August 2026, which it said would be recognised progressively over the following five financial years. BernamaBiz reported the figure on 24 September 2026. An unbilled order book represents contracted work yet to be billed or recognised as revenue; it is not revenue already earned, cash collected, or profit.
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- Wide selection of automation equipment suitable for various industrial and commercial applications.
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In a 6 October 2026 interview, BusinessToday reported management’s target to recognise about RM800 million from that order book across FY2026 and FY2027. The same report said the existing book was predominantly residential, while upcoming opportunities and the tender pipeline were increasingly weighted toward C&I, particularly industrial buildings. BusinessToday attributed the target and pipeline comments to the managing director.
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The RM800 million figure is a management target, not a guaranteed outcome or an independently verified forecast. The interview did not state a value for the tender pipeline. It reported a historical tender success-rate range of 10% to 15%, attributed to management; that past range does not establish how much of the current pipeline SLGC will win.
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- Founded in 2010, Chips Gate is a trusted supplier of industrial automation equipment, including PLC modules,motor drives, and control systems for both B2B and B2C needs.
- Wide selection of automation equipment suitable for various industrial and commercial applications.
- Durable packaging keeps your order fully protected in transit.
- Available for single-unit purchases or bulk orders to meet different project needs.
- Dedicated to maintaining consistent quality standards through careful selection and handling of equipment.
How the IPO proceeds are intended to be used
SLGC priced its IPO at RM0.28 per share and planned to raise RM29.4 million through 105 million new shares, alongside an offer for sale of 63 million existing shares, according to BernamaBiz’s 10 September 2026 report. The reported planned allocation of proceeds from the new shares was:
| Planned use | Amount | What it indicates |
|---|---|---|
| Construction machinery and equipment | RM9.2 million | The allocation most directly intended to expand physical operating capacity. |
| Repayment of bank borrowings | RM7.6 million | Planned debt repayment. |
| General working capital | RM7.5 million | Funding for general business needs. |
| Estimated listing expenses | RM4.6 million | Costs associated with the listing. |
| Construction-management software upgrades | RM0.5 million | Planned software improvements. |
These are allocations reported ahead of the listing, not evidence here of amounts already spent. The equipment allocation is the clearest direct capacity investment; the other stated uses address debt, liquidity, listing costs and software.
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- Wide selection of automation equipment suitable for various industrial and commercial applications.
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- Available for single-unit purchases or bulk orders to meet different project needs.
- Dedicated to maintaining consistent quality standards through careful selection and handling of equipment.
What to watch as the strategy unfolds
- Whether C&I tenders turn into awards: The pipeline is prospective, and no pipeline value was disclosed in the interview.
- How the work mix changes: The existing order book was reported as predominantly residential, so a C&I growth strategy will need to show up in subsequent contract awards and order-book composition.
- Delivery and revenue recognition: The RM800 million target depends on executing work and recognising it over FY2026 and FY2027; the RM1.0 billion order-book figure is dated 12 August 2026.
- Costs and execution: BernamaBiz reported management comments about diesel and logistics costs and steps it described to reduce diesel dependence and improve logistics and materials efficiency. Those comments do not independently establish the size of any savings.
Listing status
Although the original IPO-watch framing is forward-looking, SLGC had already debuted on the ACE Market on 6 October 2026, as reported by The Star and BusinessToday. The Star reported that shares opened at the 28 sen IPO price. That is the reported opening quote on debut day, not a current share price.
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