Express Powerr Solutions (M) Berhad, through its subsidiary Express Mission Sdn Bhd, is principally involved in the provision of generator rental services and other related services in Malaysia. The company's offerings include the supply of ancillary items such as distribution boards, generator synchronisation panels, transformers, switchgears, load banks, and cables to meet diverse customer requirements. The generator rental services are categorized into emergency, planned maintenance, and standby services. Its clientele primarily consists of electric utility companies like TNB and SESB (indirectly), as well as non-electric utility customers such as M&E companies, manufacturing companies, construction companies, event organisers, and government agencies. As part of its business strategy, the group has recently expanded into offering solar PV solutions, a segment that is currently in its early stages of development. The company operates several yards across Peninsular Malaysia to support its operations.
| Purpose | Amount (RM'000) | % | |
|---|---|---|---|
| Expansion | Purchase of generators | 20,500 | 56.94 |
| Expansion | Purchase of medium and high voltage equipment | 4,058 | 11.27 |
| Working capital | General working capital | 2,242 | 6.23 |
| Listing expenses | Estimated listing expenses | 4,200 | 11.67 |
| Debt | Repayment of bank borrowings | 5,000 | 13.89 |
| Total | 36,000 | 100 | |