30-07-2025
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.
