electricity grid
KUALA LUMPUR: Cheeding Holdings Berhad is gearing up for electrifying growth as it strengthens its role in Malaysia’s power transmission sector. Licensed up to 500kV for overhead lines, underground utilities, and substations, Cheeding is among the few contractors qualified for high-voltage works, positioning it as a direct proxy to Tenaga Nasional Berhad’s (TNB) grid expansion and the ASEAN Power Grid initiative.
The group’s expansion has been constrained by working capital and performance bond requirements, but its upcoming IPO will raise RM51.5 million, including RM24.6 million for working capital and RM16.2 million for performance bonds. This is expected to expand bidding headroom to RM324 million, enabling Cheeding to grow its orderbook from RM202.7 million to RM700-800 million.
With rising demand from RP4’s grid expansion, data centre-driven underground cabling, and new substations, Cheeding is evolving into a one-stop EPCC provider across Malaysia’s transmission landscape.
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