Thursday 28 Mar 2024
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KUALA LUMPUR: Aemulus Holdings Bhd, a Penang-based electrical and electronic (E&E) engineering company in the semiconductor tester industry, has received the green light from Bursa Securities to list on the ACE Market of Bursa Malaysia.

In a statement yesterday, Aemulus said it is currently preparing for the proposed flotation of its entire enlarged and issued share capital.

Aemulus executive director and chief executive officer Ng Sang Beng said the initial public offering (IPO) will allow the group to take its growth plans to the next level by becoming a listed entity.

“The listing of Aemulus will enhance our profile both locally and internationally, allowing us to widen our reach and improve our market positioning," he said in the statement.

"With direct access to the capital market, the group will have greater financial flexibility to facilitate further growth within the semiconductor, as well as automated test equipment industries," Ng added.

The IPO involves a public issue of 87.79 million new shares of 10 sen each, comprising 21.94 million shares available for purchase by the Malaysian public, 13.17 million shares available for application by eligible directors, employees and business associates of the group, and 52.68 million shares allocated for private placement to selected investors.

Ng had in an April 2015 interview with The Edge Financial Daily said the group aims to grow its revenue by more than 50% for its financial year ending Sept 30, 2015 (FY15) by introducing a new flagship product to its existing line-up of semiconductor testers.

It will be introducing the Amoeba 4600, a tester for data centre semiconductor components, to its existing products which include the Amoeba 4200 and Amoeba 7600.

In FY14, Aemulus more than doubled its revenue to RM23.31 million from RM10 million in the previous year, translating to an eight-fold improvement in net profit to RM8.03 million from RM1 million.

Aemulus caters to a wide range of consumer and industrial electronics industries with customers which are primarily large global multinational semiconductor test and assembly companies in Malaysia, Singapore, China, the United States, South Korea, the Philippines, Thailand and Germany.

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This article first appeared in digitaledge Daily, on August 13, 2015.

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