Malaysian power renter in IPO

Malaysian power rental company Express Powerr Solutions (correct spelling) has successfully floated on the Malaysian Bursa stock exchange, raising RM36.0 million (€7.3 million).

The company, which reported revenues of RM70.2 million (€14.2 million) in 2024, said around 567% of the raised funds will be invested in its generator rental fleet, with a further 14% allocated to the repayment of loans.

Quoted by Malaysian news agency Bernama, managing director Lim Cheng Ten said the company held a 7.8% market share of Malaysia’s light machinery and equipment rental industry and continues to expand nationwide; “In July 2025, we extended into Penang and Kelantan after securing two letters of award to provide generator rental services in these states.

Lim Cheng Ten, managing director of Express Powerr Solutions, at the launch of the IPO prospectus in Kuala lumpur. (Image: Express Powerr Solutions)

“Moving forward, the fresh capital raised from our listing will support further expansion, enabling us to grow our presence while continuing to power the nation’s critical infrastructure”.

The company was founded in 2005 and is based in Klang, west of Kuala Lumpur.

In addition to renting gensets, the company supplies distribution boards, generator synchronisation panels, transformers, switchgears, loadbanks and power cables.