Integrated engineering solutions provider, Oxford Innotech Berhad (OXB) (牛 津 科 创 有 限 公 司), has successfully launched its prospectus today in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).
The IPO exercise comprises the issuance of 143.5 million new ordinary shares in OXB, representing 20.2% of its enlarged issued share capital. Additionally, there is an offer for sale of 50.0 million existing Shares, representing 7.0% of the enlarged share capital of OXB. Of the 143.5 million new Shares, 35.5 million Shares will be made available for application by the Malaysian Public; 27.0 million Shares to its eligible directors,
employees and persons who have contributed to the success of the Group (Pink Form Allocations); while the remaining 81.0 million new Shares will be offered by way of private placement to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
As for the 50.0 million existing Shares under offer for sale, 7.8 million Shares will be made available by way of private placement to selected Bumiputera investors approved by the MITI, with the remaining 42.2 million Shares allocated to selected investors by way of private placement. OXB will have a market capitalisation of RM205.9 million upon listing based on an enlarged issued share capital of 710.0 million shares and an IPO price of RM0.29 per share.
Following the prospectus launch, applications for the public issue are open from today and will be closed on 16 July 2025 at 5:00 pm. OXB is scheduled to be listed on the ACE Market of Bursa Securities on 29 July 2025.
Malacca Securities Sdn Bhd serves as the Principal Adviser, Sponsor, Underwriter and Joint Placement Agent, while Kenanga Investment Bank Berhad is the Joint Placement Agent, and WYNCORP Advisory Sdn Bhd is the Corporate Finance Adviser for the IPO exercise.