Latest news with #OxfordInnotechBhd
The Star
3 days ago
- Business
- The Star
Oxford Innotech inks IPO deal
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. In a statement, 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).' Oxford Innotech is 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. — Bernama
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.
