Oxford Innotech gets Bursa nod to list on 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.
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