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A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11SLGC Bhd opened at its 28-sen IPO issue price on Bursa Malaysia’s ACE Market on 6 October 2026, then slipped below it in early trading. The shares touched 24.5 sen and were at 25 sen at 9:10 a.m., according to The Edge. Those are morning snapshots, not the day’s closing price.
How SLGC traded on its first day
The opening price of 28 sen matched the IPO issue price. The Edge reported an intraday low of 24.5 sen and a price of 25 sen at 9:10 a.m., with more than 34 million shares traded by that time. A later report from The Star/Bernama put the shares at 25 sen at 11:53 a.m., with 65.13 million shares traded.
The reports provide trading snapshots at specific times; they do not establish the closing price or subsequent performance. They also do not provide a peer-company or broader-market comparison, so the early move alone does not show whether SLGC outperformed a benchmark.
What SLGC does
Johor-based SLGC provides building construction services for residential and non-residential projects. Its work includes design-and-build, external and ancillary works. Bernama describes the company as primarily a main contractor on commercial, industrial and residential developments. Bernama’s IPO report gives this company background.
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How the IPO proceeds are allocated
The public issue comprised 105 million new shares at 28 sen each, raising RM29.4 million, according to Bernama. The Star/Bernama reported the following intended allocations:
| Use of proceeds | Allocation |
|---|---|
| Construction machinery and equipment | RM9.2 million |
| Repayment of bank borrowings | RM7.6 million |
| General working capital | RM7.5 million |
| Construction-management software upgrades | RM500,000 |
| Estimated listing expenses | RM4.6 million |
The reported allocations add up to the RM29.4 million raised. They describe the company’s stated use of IPO funds, not a guarantee of future operating results.
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Order book and latest reported results
The company reported an unbilled order book of approximately RM1.00 billion as of 12 August 2026, with earnings visibility expected through the financial year ending 31 December 2030, The Star/Bernama reported. An unbilled order book is work yet to be billed; its stated value should not be read as revenue already recognized or guaranteed earnings.
For the six months ended 30 June 2026, SLGC reported revenue of RM203.1 million, gross profit of RM28 million and profit after tax of RM7.2 million, according to The Star/Bernama. These figures cover that six-month period, not a full financial year.
IPO demand is separate from debut trading
Bernama reported that SLGC’s IPO was oversubscribed 3.1 times overall ahead of listing. The Edge separately described retail demand as more than three times oversubscribed. These are pre-listing demand measures; neither establishes how the shares would perform once trading began.
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