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New Straits Times
04-07-2025
- Business
- New Straits Times
Rising automation in F&B sector boosts ASM's outlook
KUALA LUMPUR: ASM Automation Group Bhd is poised to capitalise on growing demand in the automation machinery solutions industry, driven by rising adoption in the food and beverage (F&B) sector and broader industrial needs. Managing director Chan Kok Heng said this presents significant growth opportunities for solution providers like ASM Automation. "The company is able to offer customised, end-to-end automation systems designed to enhance productivity, quality control, and operational agility amid changing consumer preferences and rising cost pressures," he told Business Times. ASM is principally involved in the provision of automation machinery solutions and complementary solutions, primarily for the F&B manufacturing industry. Chan said what sets ASM apart is its ability to deliver comprehensive and customised automation solutions. Its core expertise covers design and development, fabrication, installation, testing and commissioning of both front-of-line processing and end-of-line packaging systems. He added that the company has design and development (D&D) capabilities that enable it to expand its range of automation machinery solutions. ASM Automation also meets the standards required by multinational clients and provides dependable and timely technical support. Chan said one of the company's major clients is Liwayway Group, which has consistently contributed a significant portion to its revenue over the years. He added that ASM Automation has secured 29 new customers comprising local and multinational companies based in Malaysia, Singapore, Indonesia and the Philippines. "As such, in the event that we are unable to secure sales from any of our major customers, we believe that we will be able to secure additional sales from other customers to compensate from the loss of sales," he said. ASM Automation made a steady debut on the ACE Market of Bursa Malaysia yesterday, having opened at its initial public offering (IPO) price of 17 sen. At the opening bell, it was the most actively traded counter, with more than 10 million shares changing hands. The IPO raised RM21.82 million through a public issue of 128.34 million new shares, which made up 24 per cent of ASM Automation's enlarged issued share capital of 534.77 million shares. The listing also involved an offer for sale of 53.48 million existing shares, representing 10 per cent of the enlarged issued share capital. ASM Automation has allocated RM11.4 million, more than half of the IPO proceeds, for the acquisition of a 70,000-square-foot plot of land and the construction of a new factory to boost its production and assembly capacity.
The Sun
02-07-2025
- Business
- The Sun
ASM Automation makes ACE Market debut, shares open unchanged from IPO price
KUALA LUMPUR: ASM Automation Group Bhd, a home-grown automation machinery solutions provider, marked a key milestone today with its listing on the ACE Market of Bursa Malaysia. The company's shares opened at 17 sen each, matching the initial public offering (IPO) price. The counter closed at 16.5 sen, 0.5 sen or 2.9% below the offer price, with 51.425 million shares traded. Founded in 1994, ASM has evolved from a small-scale custom automation provider into a regional player in industrial automation, specialising in front-of-line processing and end-of-line packaging solutions for the food and beverage (F&B) manufacturing sector. Its services are supported by equipment upgrades, after-sales service, and a strong focus on design and development (D&D), enabling clients to automate and optimise their production lines for improved efficiency and reduced labour dependency. ASM raised RM21.82 million through the issuance of 128.34 million new shares. Of the IPO proceeds, RM11.4 million will be used for land acquisition and construction of a new factory to expand production and assembly capabilities; RM2.3 million for the purchase of machines and equipment to support operational growth and customer engagement; RM2 million to enhance D&D activities; RM1.92 million for working capital; and RM4.2 million to cover listing expenses. M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO while Eco Asia Capital Advisory Sdn Bhd is the financial adviser. Commenting on the company's debut, ASM managing director Chan Kok Heng said, 'Today marks a defining chapter in ASM's 30-year journey. Our successful listing is a testament to our team's dedication, the trust of our customers, and the confidence of our investors. With the capital raised, we're poised to scale up our operations, strengthen innovation and reinforce our leadership in automation.' M&A Equity Holdings managing director Datuk Bill Tan said, 'ASM's strong foundation, export footprint, and D&D capabilities make it well-positioned for regional growth. The market's response underscores investor confidence in its strategic direction and long-term prospects.' Echoing the sentiment, Eco Asia Capital Advisory managing director Kelvin Khoo, who is also the company's financial adviser, noted, 'ASM's listing reflects its strong fundamentals, operational maturity, and visionary leadership. With growing demand for intelligent automation, the group is well-positioned to deliver sustained value to shareholders.' The listing is set to catalyse ASM's next growth phase, including the development of its new factory, expanded R&D efforts, and penetration into new markets. As manufacturers increasingly turn to automation to optimise efficiency and reduce labour reliance, ASM aims to play a pivotal role in enabling digital transformation across industries.
The Sun
16-06-2025
- General
- The Sun
Gua Musang receives over RM33 million in welfare aid since 2023
GUA MUSANG: The federal government has allocated over RM33 million in aid through the Social Welfare Department (JKM) in Gua Musang since 2023. Galas assemblyman Mohd Syahbuddin Hashim said the allocation has benefited 2,390 eligible recipients through five welfare schemes, including assistance for persons with disabilities, children, senior citizens, and carers of bedridden disabled and chronically ill. He said that so far this year, more than RM10.7 million has been disbursed to eligible recipients across the Gua Musang parliamentary constituency, while over RM11.4 million and RM11.8 million were channelled in 2023 and 2024 respectively. He said the assistance reflected the federal government's concern for easing the burden of the people, particularly the asnaf (eligible zakat recipients) and persons with disabilities. 'I hope the recipients make the best use of the aid they have received,' he told reporters in Bandar Lama here today.
The Sun
16-06-2025
- General
- The Sun
Gua Musang receives over RM33m in welfare aid
GUA MUSANG: The federal government has allocated over RM33 million in aid through the Social Welfare Department (JKM) in Gua Musang since 2023. Galas assemblyman Mohd Syahbuddin Hashim said the allocation has benefited 2,390 eligible recipients through five welfare schemes, including assistance for persons with disabilities, children, senior citizens, and carers of bedridden disabled and chronically ill. He said that so far this year, more than RM10.7 million has been disbursed to eligible recipients across the Gua Musang parliamentary constituency, while over RM11.4 million and RM11.8 million were channelled in 2023 and 2024 respectively. He said the assistance reflected the federal government's concern for easing the burden of the people, particularly the asnaf (eligible zakat recipients) and persons with disabilities. 'I hope the recipients make the best use of the aid they have received,' he told reporters in Bandar Lama here today.
The Sun
19-05-2025
- Business
- The Sun
RTM Langkawi Broadcasting Complex set to be completed in September
LANGKAWI: The construction of the Radio Televisyen Malaysia (RTM) Langkawi Broadcasting Complex in Kuah here is expected to be completed in September, said Communications Minister Datuk Fahmi Fadzil. He said that, so far, he is satisfied with the project's progress, which has reached 49 per cent, since it was taken over by a new contractor in October 2023. 'Two years ago, this project was considered an ailing project. After stern action was taken together with the Public Works Department (JKR) by terminating the previous contractor and appointing a new contractor, we can see today that the progress of this project is encouraging and it is expected to be completed within the stipulated time. '(Then) several matters will be scrutinised, including the issues of internet and equipment, and most importantly the (complex's) overall structure is almost finished and only a few more issues need to be looked into. Congratulations to the Kedah JKR for being able to complete this project,' he said. He told reporters this after a working visit to the RTM Langkawi Broadcasting Complex Project here today. Also present was Communications Ministry secretary-general Datuk Mohamad Fauzi Md Isa. Fahmi also expressed confidence that the project could be completed as scheduled since several things could be done simultaneously. He added that RTM Langkawi previously rented a Tabung Haji-owned premises for about 30 years, with the rental contract renewed from time to time. It is learnt that the new complex project, costing more than RM11.4 million, also involves the construction of a building with, among others, office administration space, guard room, guest room, ICT rooms, meeting rooms, store, surau, cafeteria and parking facilities. The complex will also have broadcast engineering space like a broadcasting and radio recording studio, editing and ingest room, main control room, newsTV studio, multipurpose studio and a radio server room. The project was considered ailing when the previous contractor, who was appointed in March 2021, failed to complete the building project on the 4.0465-hectare site and his services were terminated in 2023. Meanwhile, Fahmi said the ministry's target after this will be to complete the RTM Complex project in Bintulu, Sarawak. 'Instructions have been given to the KSU (ministry secretary-general) to focus on completing the RTM project in Bintulu, together with the tearing down and reconstruction of several RTM staff quarters,' he said.
