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The Malaysianist

When a defence IPO keeps it in the family

And a rare look at money and power in a vital but closed off procurement space.

Aug 20, 2026
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On Wednesday, GTA Holdings Bhd launched its prospectus for an ACE Market listing.

The firm, per its listing documents, is an aviation maintenance specialist, being the sole authorised repairer of Safran and EPI helicopter and fixed-wing engines in Malaysia.

Powering GTA was a four-year revenue growth into what will be a near-half-a-billion market debut at 35 sen a share.

But during the launch of the prospectus, one figure stood out.

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