Aurelius Technologies aims to raise RM104.73mil from Main Market listing

KUALA LUMPUR: Main-Market-bound Aurelius Technologies Bhd plans to raise RM104.73mil in proceeds from its initial public offering (IPO) to fund its expansion plans and increase its working capital.

The firm, which is a provider of electronics manufacturing services (EMS) for industrial electronic products, said of the proceeds, RM40mil will go towards new machinery and equipment, RM29.52mil towards the repayment of borrowings, RM28.13mil for working capital and RM7.08mil for listing expenses.

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