KUALA LUMPUR, June 3 – Bus Cap Berhad officially entered a new chapter today as the Malaysian bus manufacturer made its debut on Bursa Malaysia’s ACE Market, marking a milestone for one of the country’s longest-established bus builders.
The listing ceremony at Bursa Malaysia celebrated more than a market debut—it reflected investor confidence in a company with nearly six decades of manufacturing experience and growing ambitions in the transportation sector.
Delivering the opening remarks, Miss Tay Yu Hui, Director of Group Market Operations at Bursa Malaysia, welcomed Bus Cap into the ACE Market community, describing the listing as recognition of the company’s growth journey and operational capabilities built over nearly six decades.
Also present at the ceremony was Datuk Fa’dl Mohamed, Chief Executive Officer of Bursa Malaysia, alongside members of Bursa Malaysia’s leadership team, Bus Cap’s board members, management, advisers, media representatives, and invited guests.
Miss Tay highlighted that Bus Cap’s successful transition into a publicly listed company signals readiness to operate with greater transparency, stronger governance standards, and increased accountability as it enters a new phase of growth.
Bus Cap’s initial public offering (IPO) attracted overwhelming investor interest, with the public portion oversubscribed by 72.24 times, reflecting strong market appetite for credible growth stories. The company entered the market with a market capitalisation of approximately RM88.18 million based on an enlarged share capital of 383.38 million shares.
Founded in 1968, Bus Cap has spent 58 years building buses for operators across Malaysia and Singapore. The company now aims to accelerate growth by expanding production capacity and strengthening operational efficiency.
According to Miss Tay, the timing of the listing aligns with improving fundamentals within Malaysia’s transportation ecosystem, with bus registrations recovering strongly while public transport ridership continues to rise.
Structural demand drivers also remain supportive, with regulatory fleet replacement requirements continuing to create recurring demand for bus renewal and modernisation.
Proceeds from the IPO will primarily fund the construction of a new factory and investments in semi-automated manufacturing equipment to improve efficiency and increase production capacity.
As Bus Cap begins its journey as a listed company, the market will closely watch its ability to deliver sustainable growth while maintaining strong governance, transparency, and shareholder value creation.
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