Main Market-bound Cape EMS aims to raise RM155.7mil in IPO

From left: Cape EMS non-independent executive director Lim Chue Wan, independent non-executive chairman Datuk Mohd Rabin Basir, Hong Leong Investment Bank group managing director and CEO Lee Jim Leng, non-independent managing director and group CEO Tee Kim Chin, AmInvestment Bank CEO Tracy Chen Wee Keng, Cape EMS non-independent executive director Tee Kim Yok and Hong Leong Investment Bank head of equity markets Phang Siew Loong

KUALA LUMPUR: Electronics manufacturing services (EMS) provider Cape EMS Bhd plans to raise RM155.7mil via its initial public offering (IPO) to fund its expansion plans.

The company, which is set to list on the Main Market of Bursa Malaysia on March 10, 2023, said the public issue will entail 173 million new shares at 90 sen per share.