KUALA LUMPUR: Integrated engineering solutions provider, Oxford Innotech Bhd
(OXB), en route to a listing on Bursa Malaysia’s ACE Market, aims to raise RM41.6mil through its initial public offering (IPO).
The IPO price is fixed at 29 sen per share, and the listing is scheduled for July 29, 2025. Of the total proceeds, the group will utilise RM23.1mil to construct a new factory; RM11.2mil to purchase or refinance new machineries; RM3.3mil for general working capital; and RM4mil to defray listing expenses.
OXB managing director Ng Thean Gin said the construction of a new factory, which will add another 67,722 sq ft of manufacturing area, is slated for completion in 2027.
He said it has an additional new capacity ready, covering 39,392 sq ft of manufacturing space, that is expected to start operation by the third quarter of 2025. — Bernama
