Latest news with #OxfordInnotechBhd
The Sun
11 hours 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.
Barnama
14 hours ago
- Business
- Barnama
Oxford Innotech Makes Strong Debut On ACE Market At 36 Sen
BUSINESS KUALA LUMPUR, July 29 (Bernama) -- Oxford Innotech Bhd made a strong debut on Bursa Malaysia's ACE Market today, opening at 36 sen, a seven sen or 24 per cent premium over its initial public offering (IPO) price of 29 sen. The Penang-based precision engineering firm saw 9.24 million shares traded at the opening. Managing director Ng Thean Gin said the listing provides a platform for the company to expand its presence, particularly in the modular building systems, electrical and electronics, and semiconductor sectors. 'We are constructing a new facility at Penang Science Park, with phase one completed two months ago and phase two expected to begin in the first quarter (1Q) of 2026. 'We target to complete construction in the 1Q 2027 and commence operations in the 3Q of the same year,' he said at a press conference held in conjunction with the listing. The second phase will add 67,722 square feet of production space, bringing the total manufacturing area to 192,896 square feet. The company raised RM41.6 million through its IPO, with RM23.1 million allocated for the new factory, RM11.2 million for machinery purchases and refinancing, RM3.3 million for working capital, and RM4 million for listing-related expenses. Asked whether the company has plans to expand overseas, Ng said there are no immediate plans for foreign operations. Despite that, he said the company is actively seeking international customers through trade shows and exhibitions.
The Star
17 hours 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
18 hours ago
- Business
- New Straits Times
Oxford Innotech starts strong with 24pct premium on ACE Market debut
KUALA LUMPUR: Oxford Innotech Bhd made a strong debut on Bursa Malaysia's ACE Market, opening at 36 sen, a seven sen or 24 per cent premium over its initial public offering (IPO) price of 29 sen. The integrated engineering solutions provider was the most actively traded stock at the opening bell, with more than 31 million shares changing hands. By 9.05am, the stock climbed further to 38.5 sen, up nine sen or 31 per cent from its IPO price, after touching a high of 39.5 sen , a 10.5 sen or 36 per cent gain. Headquartered in Penang, Oxford Innotech offers precision engineering component solutions, mechanical assembly services, and automation and robotic systems. The company raised RM41.6 million from the listing, with RM23.1 million allocated for the construction of a new factory in Penang and RM11.2 million earmarked for new machinery purchases or refinancing. It plans to add another 39,392 square feet (sq ft) to its current 85,782 sq ft of manufacturing space by the third quarter of 2025. Once completed, its total manufacturing area will more than double to 192,896 sq ft.
The Star
22-07-2025
- Business
- The Star
Oxford Innotech's IPO oversubscribed
PETALING JAYA: Oxford Innotech Bhd's 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 is expected to raise RM41.6mil in proceeds, involving 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. In addition, 50 million existing shares, or 7% of the enlarged share capital, were offered via private placement to selected investors and bumiputra investors approved by the Investment, Trade and Industry Ministry.
