Cape EMS on a mission to expand operations

From left to right: Lim Chue Wan, Cape EMS non-independent executive director, Cape EMS independent non-executive chairman, Datuk Mohd Rabin Bin Basir, Hong Leong Investment Bank Bhd group managing director/chief executive officer, Lee Jim Leng, Cape EMS non-independent managing director/group chief executive officer, Tee Kim Chin, AmInvestment Bank Bhd chief executive officer Tracy Chen Wee Keng, Cape EMS non-independent executive director Tee Kim Yok, and Hong Leong Investment Bank Bhd head of equity markets Phang Siew Loong at the Cape EMS Bhd launching its prospectus in conjunction with its listing on the Main Market of Bursa Malaysia Securities Berhad on Thursday.

PETALING JAYA: Main Market-bound Cape EMS Bhd will be utilising the bulk of its listing proceeds to fund the expansion of its manufacturing operations.

The electronic manufacturing services (EMS) provider plans to raise RM155.7mil from its initial public offering (IPO) from the public issue of 173 million new shares at an issue price of 90 sen a share.