Kuala Lumpur, 13 May 2025 – Integrated engineering solutions provider, Oxford Innotech Berhad (“OXB”), has recently received approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) to list on the ACE Market of Bursa Securities.
OXB, through its subsidiaries (collectively known as the “Group”), is an integrated engineering solutions provider based in Penang that specialises in precision engineering components solutions, mechanical assembly solutions, as well as automation and robotic solutions.
Leveraging its breadth of products and services, OXB serves manufacturers and assemblers across a broad spectrum of industries, including semiconductor, electrical and electronics (“E&E”), automotive, and modular building systems.
Managing Director of OXB, Mr. Ng Thean Gin, said, “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.”
“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,” Mr. Ng Thean Gin concluded.
OXB’s initial public offering (“IPO”) entails a public issue of 143.46 million new ordinary shares, and an offer for sale of 50.00 million existing shares. Collectively, these represent a total of 27.3% of OXB’s enlarged issued share capital of 710.0 million ordinary shares upon listing.
The Group aims to be listed by the 3rd 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.
