Latest news with #OxfordInnotech
The Star
a day ago
- Business
- The Star
Oxford Innotech soars 24% in ACE Market debut
From left: Kaoy Lay Min, independent director of Oxford Innotech; Puan Che Rogayah Sudin, independent director; Khoo Lay Tatt, independent director; Lee Lai Chan, executive director; Ng Thean Gin, managing director; Hari Narayanan independent chairman; Oh Yen San, executive director; Teh Teng Wah, executive director; Lim Chia Wei, managing director of Malacca Securities Sdn Bhd; Datuk Kenny Yong, director, corporate and institutional coverage of Kenanga Investment Bank Bhd; Wong Yoke Nyen, managing director of WYNCORP Advisory Sdn Bhd. PETALING JAYA: Shares in Oxford Innotech Bhd saw a 24% price jump as it made a successful debut on the ACE Market of Bursa Malaysia yesterday. The Penang-headquartered engineering firm debuted at 36 sen a share, a seven-sen increase over its initial public offering (IPO) price of 29 sen a share. The stock closed at 38.5 sen in yesterday's trading. Oxford Innotech, through its subsidiaries, offers integrated engineering solutions with an emphasis on precision engineering components, mechanical assemblies, and automation and robotic solutions. Having raised RM41.6mil from its IPO, the company is set to construct a new factory and purchase or refinance new machinery. The new factory is slated for completion in 2027, but there is also new capacity scheduled to commence operations in the third quarter of this year. The two facilities will increase the company's total manufacturing area by 124.9% to 192,896 sq ft.
Borneo Post
2 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.
The Star
2 days ago
- Business
- The Star
Oxford Innotech spikes 24% in trading debut
KUALA LUMPUR: Shares in Oxford Innotech Bhd saw a 24% price jump as it made a successful debut on the ACE Market of Bursa Malaysia. The Penang-headquartered engineering firm debuted at 36 sen a share, a seven sen increase over its initial public offering (IPO) price of 29 sen a share. At 9.45am, the share was trading at 38.5 sen, a robust 32.76% premium over its reference price, but remained off the intramorning high of 40 sen a share. The stock topped the actives chart with 65.89 million shares changing hands. Oxford Innotech, through its subsidiaries, offers integrated engineering solutions with an emphasis on precision engineering components solutions, mechanical assembly solutions, as well as automation and robotic solutions. Having raised RM41.6mil from its IPO, the company is set to set to construct a new factory and purchase/refinance new machineries with the raised funds. The new factory is slated for completion in 2027, but there is also new capacity scheduled to commence operations in the third quarter of 2025. The two facilities will increase the company's total manufacturing area by 124.9% to 192,896 sq ft. Trading ideas: Yinson, Zetrix AI, Ekovest, Insas, BFood, Ireaka, TechStore, Smile-Link, KAB, FSMB, MMC Port, Eco-Shop, Alpha IVF
New Straits Times
21-07-2025
- Business
- New Straits Times
Oxford Innotech's IPO oversubscribed by 3.42 times
KUALA LUMPUR: Oxford Innotech Bhd has attracted strong investor interest for its initial public offering (IPO). It was oversubscribed by 3.42 times ahead of Oxford Innotech's upcoming debut on the ACE Market of Bursa Malaysia. The integrated engineering solutions provider is offering 143.5 million new shares at 29 sen each. This represents 20.2 per cent of its enlarged share capital. The IPO is expected to raise RM41.6 million in gross proceeds. Additionally, 50.0 million existing shares equivalent to 7.0 per cent of the enlarged share capital will be offered via private placement to selected investors and Bumiputera investors approved by the Investment, Trade and Industry Ministry. Out of the 35.5 million issue shares allocated to the public, Oxford Innotech received 2,729 applications for a total of 156.9 million shares, with a total value of approximately RM45.51 million. This reflects an overall oversubscription rate of 3.42 times. The Bumiputera portion received 1,039 applications for 36.7 million shares, translating to an oversubscription rate of 1.07 times. The public portion saw 1,690 applications for 120.2 million shares, resulting in an oversubscription rate of 5.77 times. The 27.0 million shares reserved for eligible directors, employees and contributors to the company's success were fully subscribed. Additionally, the private placement of 81.0 million issue shares and 7.8 million offer shares to approved Bumiputera investors has been fully placed out. This follows the application of relevant clawback and reallocation provisions outlined in the prospectus. The private placement of 42.2 million offer shares to selected investors was also fully taken up. Oxford Innotech managing director Ng Thean Gin said the overwhelming response reflects investors' confidence not only in the company's strong fundamentals, but also in its growth potential moving forward. "The proceeds raised will play a pivotal role in accelerating our strategic expansion plans, as they enable us to scale more decisively and advance our 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$142.7 billion by 2030 from US$92.5 billion in 2024 is on an upward trajectory, fuelled by rising demand for electronics and smart devices," he said. Oxford Innotech is scheduled to be listed on the ACE Market on July 29. The company is expected to have a market capitalisation of RM205.9 million upon listing.
The Star
15-07-2025
- Business
- The Star
Oxford Innotech's earnings set to rebound in FY26
PETALING JAYA: Integrated engineering solutions provider Oxford Innotech Bhd is expected to see a rebound in earnings from financial year 2026 (FY26) onwards following a temporary slowdown in FY25 due to a high base effect from earlier project recognitions. In a report, TA Research forecasts that the group's earnings will register a 15.4% year-on-year (y-o-y) decline in core net profit to RM13.3mil in FY25. This comes after a sharp jump in earnings in FY24, which saw its core profit surge 104.6% y-o-y to RM15.7mil on the back of higher modular building system orders. However, earnings are expected to recover in FY26 and FY27, supported by its business expansion plan and a healthy industry outlook. 'We believe the group will recover in the subsequent years, with a projected earnings growth of 9.5% and 14.3% to RM14.6mil and RM16.7mil for FY26 and FY27, respectively,' said the research house. Oxford Innotech is scheduled to list on the ACE Market of Bursa Malaysia on July 29, 2025. Its initial public offering (IPO) comprises 143.46 million new shares with an offer for sale of 50 million shares at an issue price of 29 sen a piece. Upon listing, the group is expected to be valued at a market capitalisation of RM205.9mil. Expected to raise RM41.6mil from the IPO exercise, more than half of the proceeds will be allocated to the construction of a new factory at RM23.1mil. The remainder of the proceeds will be put aside for the purchase or refinancing of new machinery, general working capital and estimated listing expenses of RM11.17mil, RM3.33mil and RM4mil, respectively. Additionally, the group's future plans include the expansion of its product offering and customer base, as well as the expansion of production capacity and capabilities. The construction of phase 2 of its Factory 2 at Penang Science Park will add about 68,000 sq ft of manufacturing space for the group. 'Post-listing with the utilisation of IPO proceeds, the balance sheet is expected to improve from a net debt of RM16.9mil to a net cash position of RM16.8mil,' said TA Research. Furthermore, Oxford Innotech currently does not have any formal dividend policy. The research house assigned a target price-to-earnings multiple of 14 times to the group and arrived at a fair value of 29 sen per share, citing Oxford Innotech's established track record, ability to offer a wide range of products and services, as well as its experienced team.
