Oxford Innotech gets Bursa's nod for IPO
KUALA LUMPUR: Integrated engineering solutions provider Oxford Innotech Bhd (OXB) has received approval from Bursa Malaysia to list on the ACE Market.
OXB is an integrated engineering solutions provider based in Penang that specialises in precision engineering components solutions, mechanical assembly solutions, as well as automation and robotic solutions.
It serves manufacturers and assemblers across a broad spectrum of industries, including semiconductor, electrical and electronics (E&E), automotive and modular building systems.
Managing director Ng Thean Gin said it is exciting times ahead for OXB with great growth opportunities, particularly in the semiconductor and modular building systems sectors.
OXB's initial public offering (IPO) entails a public issue of 143.46 million new shares, and an offer for sale of 50.00 million existing shares.
Collectively, these represent a total of 27.3 per cent of OXB's enlarged issued share capital of 710.0 million oshares upon listing.
The company aims to be listed by September this year.
Malacca Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent, while Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO.
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