Penang-based contract manufacturer Emits Bhd is planning to list on the ACE Market of Bursa Malaysia to raise funds for working capital and the purchase of new equipment as part of its expansion strategy.
According to its draft prospectus, the company expects higher working capital requirements as it prepares for business growth. Emits is also anticipating securing a project by June this year to manufacture 5G base station antennas, which would require additional input materials and contract workers.
Headquartered in Penang, Emits operates its main manufacturing facility there, serving customers in Malaysia, the United States, and Germany. The company also works with a third-party manufacturer in Taiwan, where it runs an assembly line to produce semi-finished land mobile radio antennas.
Emits specialises in antenna manufacturing services, supplying components used in telecommunications devices such as walkie-talkies and WiFi routers, as well as industrial equipment including 5G base station antennas and barcode scanners.
For the financial year ended 2025, the company reported a net profit of RM5.2 million on revenue of RM39.65 million.
The proposed initial public offering (IPO) will consist of a public issuance of new shares and an offer for sale of existing shares, representing up to 28% of the company’s enlarged share capital. The final IPO price will be determined at a later stage.
Proceeds from the offer for sale will go to several shareholders, including Datuk Seri Goh Eng Hoe, managing director Loy Boon Liang, executive director H’ng Chuen Yeou, and chief technical officer Por Chee Seong.
Mercury Securities has been appointed as the principal adviser, sponsor, underwriter, and placement agent for the proposed listing.
