Chok (second left) along with other board members of Aemulus during the listing process yesterday.
KUCHING: Aemulus Holdings Bhd (Aemulus), 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, began trading on Bursa Malaysia’s ACE Market yesterday at 36 sen.
It closed at 39.5 sen with more than 92.2 million shares seen traded yesterday.
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 with great success.
“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.
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 mainly involved in developing ATE for semi conductor sector
Aemulus, which was co-founded by former engineers from US-based multi-national electronics companies, Ng Sang Beng and Yeoh Chee Keong, is mainly involved in designing, engineering and developing ATE used by semiconductor manufacturers and 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 Bhd 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.