GTA Holdings eyes higher-value MRO work ahead of Sept 8 ACE Market debut
GTA Holdings Bhd, which lists on Bursa Malaysia's ACE Market on Sept 8, plans to move up the aviation maintenance, repair and overhaul value chain and reduce its reliance on government and defence customers. The company has set aside RM5.9 million of IPO proceeds for landing gear, wheel and brake MRO services and RM25 million for a new operating facility. Mindef's Service Branch 1 made up 92.02% of its FY2025 revenue.