Oxford Innotech debuts on Bursa's ACE Market with premium of 24.1 per cent

KUALA LUMPUR (July 29): Integrated engineering solutions provider, Oxford Innotech Berhad (Oxford Innotech), has successfully debuted on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) on Tuesday.

At the opening bell, Oxford Innotech’s share price opened at 36 sen, representing a premium of 24.1 per cent over the issue price of 29 sen, with an opening volume of 9.2 million shares.

Oxford Innotech managing director, Ng Thean Gin, said, “The listing of Oxford Innotech 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,” Ng concluded.

Of the RM41.6 million raised from the IPO, Oxford Innotech has allocated RM23.1 million (55.5 per cent) for the construction of a new factory, RM11.2 million (26.9 per cent) for the purchase and refinancing of new machinery, RM3.3 million (eight per cent) for general working capital, and RM4 million (9.6 per cent) for the defrayment of listing expenses.

On the financial front, Oxford Innotech reported its first quarter results for the financial period ended March 31, 2025, 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 per cent.

Malacca Securities Sdn Bhd serves as the principal adviser, sponsor, underwriter and joint placement agent, while Kenanga Investment Bank Berhad is the oint placement agent, and Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO exercise.