Latest news with #OXB
The Sun
3 days ago
- Business
- The Sun
Oxford Innotech to boost capacity, deepen presence in modular building systems and semiconductors
KUALA LUMPUR: Oxford Innotech Bhd (OXB) plans to more than double its production capacity by 2027 and deepen its presence in modular building systems and semiconductors, betting on accelerating demand from 5G, Internet of Things and artificial intelligence (AI) industries following its debut on Bursa Malaysia's ACE Market today. Managing director Ng Thean Gin said the listing, which raised RM41.6 million, was not only a capital-raising milestone but also a catalyst to 'take Oxford Innotech to the next level in visibility, capability and impact'. 'Engineering has no limits and that belief drives our purpose to lead with innovation,' he said at the listing ceremony. 'The IPO gives us the capacity to scale up, broaden our product offerings and cross-sell to existing customers, particularly in fast-evolving sectors like semiconductors and E&E.' The company will construct a new factory in 2026, adding 67,722 square feet of manufacturing space to bring total capacity to 192,896 square feet. Operations are targeted to begin in the third quarter of 2027. Ng said the additional facility, coupled with new machinery purchases funded by the IPO (initial public offering), will enable OXB to serve growing orders from modular building and semiconductor clients. 'We are seeing significant demand for new product sample submissions from semiconductor customers,' he said, adding that while they do not have fixed numbers yet, with the new factory ready, their total production capacity will be slightly more than double what they are doing currently. The global modular building systems market is projected to grow from US$97.3 billion (RM430.5 billion) in 2023 to US$161.9 billion by 2030 at a 7.5% compounded annual rate, while semiconductor demand is expected to remain buoyant amid AI, data centre and autonomous driving trends. OXB's core businesses span three segments: precision engineering component solutions (sheet metal fabrication, CNC machining and plastic injection moulding), mechanical assembly solutions (semi- and fully-assembled products, including design services) and automation and robotics solutions (standalone automated modules, production line systems and smart factory solutions). OXB's shares opened at 36 sen, a 24% premium over the 29 sen issue price, with 9.24 million shares traded at the opening bell. The counter is listed under the Industrial Products & Services sector. Of the RM41.6 million raised from the IPO, RM23.1 million will fund the new factory, RM11.2 million is for machinery and refinancing, RM3.3 million for working capital and RM4 million for listing expenses. For the first quarter ended March 31, 2025, OXB reported a profit after tax of RM3.2 million on revenue of RM19.5 million, yielding a margin of 16.6%. Mechanical assembly contributed 65% of revenue, followed by precision engineering components at 33.4% and automation and robotics solutions at 1.7%. Geographically, Malaysia accounted for 96.4% of revenue, with the remainder from other Asian countries, North America and Europe. While near-term production will remain centred in Malaysia, OXB is actively seeking overseas customers through trade shows and exhibitions. 'Our marketing team is engaging international buyers, but immediate focus remains on serving regional demand,' Ng said, noting that export sales could grow as new products move from sample stages to mass production next year. He acknowledged that 2025 remains challenging due to global market uncertainty but expects improvement in 2026 as trade tariffs stabilise and capital expenditure by semiconductor clients ramps up. 'The conclusion of tariff issues should stabilise the market,' he said. 'Clients' capex expansion will benefit us and contribute to growth in the coming year.' As the company shifts into its next growth phase, Ng credited the founding team and workforce for bringing OXB to the milestone. 'This moment belongs to our team. Their belief in what we do has brought us here and together we're building not just for today, but for the opportunities ahead,' he concluded. Malacca Securities Sdn Bhd acted as principal adviser, sponsor, underwriter and joint placement agent, with Kenanga Investment Bank Bhd as joint placement agent and Wyncorp Advisory Sdn Bhd as corporate finance adviser.
Borneo Post
3 days ago
- Business
- Borneo Post
Oxford Innotech debuts on Bursa's ACE Market with premium of 24.1 per cent
Ng (fifth left) alongside other directors of Oxford Innotech, Malacca Securities, Kenanga Investment Bank and Wyncorp Advisory during the group's listing on Bursa's ACE Market on Tuesday. KUALA LUMPUR (July 29): Integrated engineering solutions provider, Oxford Innotech Berhad (Oxford Innotech), has successfully debuted on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) on Tuesday. At the opening bell, OXB's share price opened at 36 sen, representing a premium of 24.1 per cent over the issue price of 29 sen, with an opening volume of 9.2 million shares. Oxford Innotech managing director, Ng Thean Gin, said, 'The listing of OXB on the ACE Market of Bursa Securities is certainly a defining moment for us. 'It provides a stronger foundation to scale our operations and grow our presence, particularly in the modular building systems, electrical and electronics (E&E), and semiconductor sectors. Looking ahead, we aim to broaden our product offerings and expand our customer base in these industries by cross-selling to existing customers.' 'In addition, we are also constructing a new factory that will add another 67,722 square feet of production area, bringing the total manufacturing space to 192,896 square feet upon its completion in 2027. The facility is intended to meet the anticipated demand from customers in the modular building systems, E&E and semiconductor industries. 'At the same time, we are purchasing new machinery and equipment to complement our existing setup and optimise production capacity as the business scales.' 'With our expanding manufacturing capacity and engineering capabilities, we are well positioned to capture opportunities across our core markets, while remaining committed to delivering innovative, high-quality solutions,' Ng concluded. Of the RM41.6 million raised from the IPO, OXB has allocated RM23.1 million (55.5 per cent) for the construction of a new factory, RM11.2 million (26.9 per cent) for the purchase and refinancing of new machinery, RM3.3 million (eight per cent) for general working capital, and RM4 million (9.6 per cent) for the defrayment of listing expenses. On the financial front, OXB reported its first quarter results for the financial period ended March 31, 2025, posting a profit after tax (PAT) of RM3.2 million on the back of RM19.5 million in revenue, translating to a PAT margin of 16.6 per cent. Malacca Securities Sdn Bhd serves as the principal adviser, sponsor, underwriter and joint placement agent, while Kenanga Investment Bank Berhad is the oint placement agent, and Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO exercise.
Reuters
4 days ago
- Business
- Reuters
UK's Oxford Biomedica maintains annual outlook
July 28 (Reuters) - Britain's Oxford Biomedica (OXB.L), opens new tab on Monday maintained its annual forecasts for revenue and profit after it said first-half sales are expected to jump around 40% as orders remain strong for the cell and gene therapy developer and manufacturer.
The Star
21-07-2025
- Business
- The Star
Oxford Innotech's IPO oversubscribed by 3.42 times
KUALA LUMPUR: Oxford Innotech Bhd's (OXB) initial public offering (IPO) has been oversubscribed by 3.42 times ahead of its listing on the ACE Market of Bursa Malaysia on July 29. The integrated engineering solutions provider said its IPO will involve a public issue of 143.5 million new ordinary shares at an issue price of RM0.29 per share, representing 20.2% of the enlarged share capital and expected to raise RM41.6mil in proceeds. In addition, 50 million existing shares, or 7.0% of the enlarged share capital, will be offered via private placement to selected investors and Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI). OXB received 2,729 applications for 156.94 million issue shares valued at approximately RM45.51mil for the 35.5 million shares allocated to the Malaysian public, resulting in an overall oversubscription rate of 3.42 times. For the Bumiputera portion, OXB received 1,039 applications for 36.71 million issue shares, translating to an oversubscription rate of 1.07 times. Meanwhile, the public portion attracted 1,690 applications for 120.22 million issue Shares, resulting in an oversubscription rate of 5.77 times. The 27.0 million issue shares allocated to eligible directors, employees, and contributors to the group were fully subscribed. Managing director Ng Thean Gin said the proceeds raised would play a pivotal role in accelerating the group's strategic expansion plans, enabling it to scale more decisively and enhance its capabilities. 'The market for modular building systems is evolving, driven by the global demand for energy-efficient, cost-effective alternatives in construction. At the same time, the semiconductor manufacturing equipment market — projected to reach US$142.7bil by 2030 from US$92.5bil in 2024 — is on an upward trajectory, fuelled by rising demand for electronics and smart devices. 'With these trends in motion, we will continue to serve as a dependable partner to our customers, delivering solutions that meet today's industry needs while anticipating those of tomorrow,' Ng said in a statement. Of the RM41.6mil raised, RM23.1mil (55.5%) will fund a new factory, RM11.2mil (26.9%) will go toward machinery purchase and refinancing, RM3.3mil (8.0%) is set aside for working capital, and RM4mil (9.6%) for listing expenses. Malacca Securities serves as the principal adviser, sponsor, underwriter and joint placement agent, with Kenanga Investment Bank Bhd acting as joint placement agent, and WYNCORP Advisory Sdn Bhd as the corporate finance adviser for the IPO exercise.
The Sun
21-07-2025
- Business
- The Sun
Oxford Innotech IPO oversubscribed 3.42 times ahead of ACE Market debut
PETALING JAYA: Integrated engineering solutions provider Oxford Innotech Bhd (OXB) has seen strong demand for its initial public offering (IPO), with shares oversubscribed by 3.42 times ahead of its listing on the ACE Market of Bursa Malaysia. Managing Director Ng Thean Gin described the oversubscription as a clear vote of confidence in the company's future prospects and a reflection of its track record. 'The proceeds raised will play a pivotal role in accelerating our strategic expansion plans, enabling us to scale more decisively and enhance our capabilities,' he said in a statement. Ng added that the market for modular building systems is evolving, driven by increasing global demand for energy-efficient and cost-effective construction solutions. 'At the same time, the semiconductor manufacturing equipment market — projected to grow from US$92.5 billion in 2024 to US$142.7 billion by 2030 — is on an upward trajectory, supported by rising demand for electronics and smart devices,' he noted. Through its subsidiaries, OXB provides integrated engineering solutions with a focus on precision-engineered components, mechanical assembly solutions, and automation and robotics. OXB's IPO involves a public issue of 143.5 million new shares at RM0.29 per share, representing 20.2% of the enlarged issued share capital. The exercise is expected to raise RM41.6 million in gross proceeds. In addition, 50.0 million existing shares — representing 7.0% of the enlarged issued share capital — will be offered for sale via private placement to selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti). For the 35.5 million new shares allocated to the Malaysian public, OXB received 2,729 applications for 156.94 million shares, with a total value of approximately RM45.51 million. This translates to an overall oversubscription rate of 3.42 times. For the Bumiputera portion, 1,039 applications for 36.71 million shares showed an oversubscription rate of 1.07 times. For the non-Bumiputera public portion, 1,690 applications for 120.22 million shares showed an oversubscription rate of 5.77 times. Meanwhile, the 27.0 million shares reserved for eligible directors, employees, and individuals who have contributed to the group's success have been fully subscribed. The private placement of 81.0 million shares and 7.8 million shares to Miti-approved Bumiputera investors has been fully placed, following the application of clawback and reallocation provisions as outlined in the prospectus. Additionally, the 42.2 million shares offered to selected investors have also been fully placed via private placement. From the IPO proceeds, OXB will allocate RM23.1 million (55.5%) for the construction of a new factory, RM11.2 million (26.9%) for the purchase and refinancing of new machinery, RM3.3 million (8.0%) for general working capital and RM4.0 million (9.6%) to cover listing-related expenses. OXB is scheduled to debut on the ACE Market of Bursa Malaysia on Tuesday, 29 July 2025. Based on the IPO price of RM0.29 and an enlarged issued share capital of 710.0 million shares, the company will have a market capitalisation of RM205.9 million upon listing. Malacca Securities Sdn Bhd is acting as the principal adviser, sponsor, underwriter, and joint placement agent. Kenanga Investment Bank Bhd serves as joint placement agent, while WYNCORP Advisory Sdn Bhd is the corporate finance adviser for the IPO.
