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KUALA LUMPUR, Sept 15, 2015 - (ACN Newswire) - Aemulus Holdings Berhad ("Aemulus" or "the Group"), a Malaysian technology company which is principally involved in the design, engineering and development of Automated Test Equipment ("ATE") for semiconductor manufacturers and outsourced semiconductor assembly and test ("OSAT") companies, officially commenced trading under the stock name AEMULUS and stock code 0181 on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") at the opening of trading at 9:00am this morning.
Speaking at the listing ceremony, Independent Non-Executive Chairman of Aemulus, Chok Kwee Bee commented, "All the hard work and hours spent in preparation for our listing on Bursa Malaysia have come to fruition today with great success. I am truly thankful for everyone from our management team to staff, our business partners and investors for their diligence and endless support. Mindful of our responsibilities as a listed entity, we are committed to meeting the expectations of our shareholders. I speak for everyone from Aemulus when I say that all of us in the Group, from our engineers to our management team, are hopeful for the future as we embark on this new journey to expand our business."
Aemulus' retail offering of their Initial Public Offering ("IPO") was well received and has been oversubscribed by 13.05 times. The Group has successfully raised a total of RM 24.58 million in proceeds through a total offering of 131,675,000 ordinary shares at RM 0.10 each ("IPO Shares"). Aemulus' market capitalisation is approximately RM122.88 million upon listing, based on the issue price of RM0.28 per share.
Chok added, "We intend to continue to keep our research and development ("R&D") division strong as it has been the cornerstone of the Group's growth. It is in line with this goal, that Aemulus plans to set-up a new tester research laboratory to intensify the Group's R&D activities to enhance our current product line as well as develop new ATE products in the future. Combined with a more aggressive marketing and promotion strategy, we are optimistic of being able to create value for all of Aemulus' stakeholders, moving forward."
Aemulus, which was co-founded by former engineers from U.S.-based multi-national electronics companies, Ng Sang Beng and Yeoh Chee Keong, is mainly involved in designing, engineering and developing Automated Test Equipment ("ATE") used by semiconductor manufacturers and outsourced semiconductor assembly test ("OSAT") companies. Producing ATE for a number of different sectors in the industry, the Group is primarily focused on connectivity, or the testing of wireless IC tests that are found in mobile devices, providing connectivity when users make phone calls or surf the internet by connecting to WiFi hotspots or cellular data. Another important sector Aemulus is focused on is mobility, where their ATEs are designed to work compatibly with cloud-platform tests, similar to Dropbox, which allows data sharing and data backup, making data easily accessible and providing mobility for users. Today, Aemulus' clientele list includes primarily large global multinational semiconductor test and assembly companies in Malaysia, Singapore, China, USA, South Korea, Philippines, Thailand and Germany.
TA Securities is acting as the Principal Adviser, Sponsor, Managing Underwriter, Joint Underwriter and Joint Placement Agent throughout the IPO exercise. AFFIN Hwang Investment Bank Berhad acts as the Joint Underwriter and Joint Placement Agent and along with Mercury Securities Sdn. Bhd. and M&A Securities Sdn. Bhd. as Joint Underwriters.
Contact:
Esente Communications -
Lee Chiu Ling
Tel: +603-6201-4110/ +6012-679-1364
Email: chiuling@esente.com.my
Alexander
Tel: +603-6201-4110/ +6017-287-7494
Email: alex@esente.com.my
Aemulus Holdings -
Kan Ky-Vern
Tel: +604-644-6399/ +6012-281-7433
Email: kvkan@aemulus.com
Ng Chin Wah
Tel: +604-644-6399/ +6012-412 9628
Email: cwng@aemulus.com
Topic: IPO
Source: Aemulus Holdings Bhd
Sectors: Electronics, Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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