Oxford Innotech inks IPO deal

From left: Oh Yen San, executive director of Oxford Innotech; Ng Thean Gin, managing director; Tan Kok Tiam, chairman, corporate finance committee of Malacca Securities; and Law Kim Fatt, co-head, corporate finance.

KUALA LUMPUR: Oxford Innotech Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd for its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia.

In a statement, the integrated engineering solutions provider said the IPO consists of a public issue of 143.5 million new shares and the sale of 50 million existing shares.

“Of the 143.5 million new shares, 35.5 million shares will be made available to the Malaysian public and 27 million shares to eligible directors, employees and persons who have contributed to the success of the group (pink form allocations).”

Oxford Innotech is to be listed on the ACE Market by the third quarter of 2025. Malacca Securities serves as the principal adviser, sponsor, underwriter and placement agent, while Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO. — Bernama