Integrated engineering solutions provider, Oxford Innotech Berhad (“OXB”) (牛津科创有限公司), has successfully debuted on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today. The stock is categorised under the Industrial Products & Services sector and carries the stock name OXB, with a stock code of 0368.
(From left to right) Ms. Kaoy Lay Min (郭莉敏), Independent Director of Oxford Innotech Berhad, Puan Che Rogayah binti Sudin, Independent Director of Oxford Innotech Berhad, Mr. Khoo Lay Tatt (邱勵達), Independent Director of Oxford Innotech Berhad, Ms. Lee Lai Chan (李丽珍), Executive Director of Oxford Innotech Berhad, Mr. Ng Thean Gin (黄天仁), Managing Director of Oxford Innotech Berhad, Dr. Hari Narayanan a/l P.Ondiveeran, Independent Chairman of Oxford Innotech Berhad, Mr. Oh Yen San (胡炎山), Executive Director of Oxford Innotech Berhad, Mr. Teh Teng Wah (鄭庭華), Executive Director of Oxford Innotech Berhad, Ms. Lim Chia Wei (林嘉薇), Managing Director of Malacca Securities Sdn Bhd, Datuk Kenny Yong (杨富乾), Director, Corporate & Institutional Coverage of Kenanga Investment Bank Berhad, Mr. Wong Yoke Nyen (黄育源), Managing Director of WYNCORP Advisory Sdn Bhd
At the opening bell, OXB’s share price opened at 36 sen, representing a premium of 24.1% over the issue price of 29 sen, with an opening volume of 9.2 million shares.
Managing Director of OXB, Mr. Ng Thean Gin (黄天仁), said, “The listing of OXB on the ACE Market of Bursa Securities is certainly a defining moment for us. It provides a stronger foundation to scale our operations and grow our presence, particularly in the modular building systems, electrical and electronics (“E&E”), and semiconductor sectors. Looking ahead, we aim to broaden our product offerings and expand our customer base in these industries by cross-selling to existing customers.”
“In addition, we are also constructing a new factory that will add another 67,722 square feet of production area, bringing the total manufacturing space to 192,896 square feet upon its completion in 2027. The facility is intended to meet the anticipated demand from customers in the modular building systems, E&E and semiconductor industries. At the same time, we are purchasing new machinery and equipment to complement our existing setup and optimise production capacity as the business scales.”
“With our expanding manufacturing capacity and engineering capabilities, we are well-positioned to capture opportunities across our core markets, while remaining committed to delivering innovative, high-quality solutions,” Mr. Ng concluded.
Of the RM41.6 million raised from the IPO, OXB has allocated RM23.1 million (55.5%) for the construction of a new factory, RM11.2 million (26.9%) for the purchase and refinancing of new machinery, RM3.3 million (8.0%) for general working capital, and RM4.0 million (9.6%) for the defrayment of listing expenses.
On the financial front, OXB reported its first quarter results for the financial period ended 31 March 2025 (“1QFYE2025”), posting a profit after tax (“PAT”) of RM3.2 million on the back of RM19.5 million in revenue, translating to a PAT margin of 16.6%.
The mechanical assembly solutions segment was the largest contributor, accounting for 65.0% of total revenue, followed by the precision engineering components solutions segment at 33.4%, and the automation and robotics solutions segment at 1.7%. Geographically, revenue in 1QFYE2025 was predominantly derived from Malaysia, which contributed 96.4%, with the remaining 3.6% coming from other Asian countries, North America, and Europe.
Malacca Securities Sdn Bhd serves as the Principal Adviser, Sponsor, Underwriter and Joint Placement Agent, while Kenanga Investment Bank Berhad is the Joint Placement Agent, and WYNCORP Advisory Sdn Bhd is the Corporate Finance Adviser for the IPO exercise.
