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New Straits Times
5 days ago
- Business
- New Straits Times
Oxford Innotech inks up IPO underwriting agreement with Malacca Securities
KUALA LUMPUR: Oxford Innotech Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd for its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia Securities Bhd. In a statement today, the integrated engineering solutions provider said the IPO consists of a public issue of 143.5 million new shares and the sale of 50 million existing shares. "Of the 143.5 million new shares, 35.5 million shares will be made available to the Malaysian public and 27 million shares to eligible directors, employees and persons who have contributed to the success of the group (pink form allocations). "The remaining 81 million new shares will be offered by way of private placement to selected bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI)," it said. Meanwhile, as for the 50 million existing shares under offer for sale, 7.8 million shares will be made available to selected bumiputera investors approved by MITI, with the remaining 42.2 million shares to be allocated to selected investors through private placement. Under the agreement, Malacca Securities will underwrite 62.5 million new shares, comprising 35.5 million new shares to the Malaysian public and 27 million new shares under the pink form allocations, it said. Oxford Innotech managing director Ng Thean Gin said the company is expanding both its production capacity and capabilities to cater to the rising demand for precision engineering solutions, especially in the semiconductor and modular building systems sectors. "Leveraging our extensive expertise and tailored engineering capabilities, we are able to deliver high-quality products and services that address the unique needs of our customers, enabling them to remain competitive and agile in a competitive market," he said. Citing independent market research by Providence Strategic Partners Sdn Bhd, the company said that Malaysia's engineering solutions industry is projected to grow to RM38.2 billion by 2027, from RM27.6 billion in 2023, supported by the rising adoption of electric vehicles and artificial intelligence, as well as a shift toward modular building systems. Oxford Innotech is scheduled to be listed on the ACE Market of Bursa Securities by the third quarter of 2025. Malacca Securities serves as the principal adviser, sponsor, underwriter and placement agent, while Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO exercise.
The Star
5 days ago
- Business
- The Star
Oxford Innotech inks underwriting deal with Malacca Securities
From left: Oh Yen San, executive director of Oxford Innotech; Ng Thean Gin, managing director; Tan Kok Tiam, chairman, corporate finance committee of Malacca Securities; and Law Kim Fatt, co-head, corporate finance KUALA LUMPUR: As it prepares to float its shares on the ACE Market of Bursa Malaysia, Oxford Innotech Bhd (OXB) has entered into a deal with Malacca Securities Sdn Bhd to underwrite 6.25 million shares made available to the Malaysian public and to elible persons under the pink form allocations. The integrated engineering solutions provider is embarking on an initial public offering (IPO) exercise that entails a public issue of 143.5 million new ordinary shares, representing 20.2% of its enlarged issued share capital, as well as an offer for sale of 50 million existing shares, representing 7% of the enlarged share capital. Of the 143.5 million new shares, 35.5 million will be made available for application by the Malaysian public and 27 million shares by its eligible directors, employees and persons who have contributed to the success of the group. The remaining 81 million new shares will be offered by way of private placement to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti). As for the existing shares under offer for sale, 7.8 million shares will be made available by way of private placement to selected Bumiputera investors approved by Miti, with the remaining 42.2 million shares allocated to selected investors by way of private placement. 'We are expanding both our production capacity and capabilities to cater to the rising demand for precision engineering solutions, especially in the semiconductor and modular building systems sectors. "Leveraging our extensive expertise and tailored engineering capabilities, we are able to deliver high-quality products and services that address the unique needs of our customers, enabling them to remain competitive and agile in a competitive market,' said OXB managing director Ng Thean Gin in a statement. OXB is scheduled to be listed on the ACE Market by the third quarter of 2025. Malacca Securities serves as the principal adviser, sponsor, underwriter and placement agent, while WYNCORP Advisory Sdn Bhd is the corporate finance adviser for the IPO exercise.
The Star
13-05-2025
- Business
- The Star
Oxford Innotech gets Bursa nod to list on ACE Market
KUALA LUMPUR: Oxford Innotech Bhd (OXB), an integrated engineering solutions provider, has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market. OXB, through its subsidiaries, is a Penang-based integrated engineering solutions provider specialising in precision engineering components, mechanical assembly, and automation and robotic solutions. 'We are grateful to Bursa Securities for granting us the approval to list on the ACE Market. This reflects a shared confidence in our Group's capabilities and the strategic value we bring to the engineering ecosystem as well as the broader equity market,' managing director Ng Thean Gin said in a statement. 'It is exciting times ahead for OXB where we see great growth opportunities, particularly in the semiconductor and modular building systems sectors. 'We are thrilled to embark on the new chapter in our corporate journey as we continue pushing the boundaries of innovation and efficiency, while at the same time, helping customers streamline operations, reduce costs, and enhance productivity,' he added. OXB's initial public offering (IPO) comprises a public issue of 143.46 million new shares and an offer for sale of 50 million existing shares, representing a combined 27.3% of its enlarged share capital of 710 million shares upon listing. The group aims to be listed by the third quarter of 2025. 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 exercise.
New Straits Times
13-05-2025
- Business
- New Straits Times
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.
