Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 17): Aemulus Corp Bhd, which debuted on Bursa Malaysia's ACE Market on Tuesday, has attracted the interest of Khazanah Nasional Bhd, which emerged as its substantial shareholder with a 15% stake .

In a filing with Bursa Malaysia, the Penang-based semiconductor player said Khazanah became its substantial shareholder via Bombalai Hill Ventures Sdn Bhd.

It said Bombalai Hill had subscribed to some 65.83 million shares or 15% via private placement on last Friday (Sept 11).

The transaction price was, however, not disclosed in the filing.

On its maiden trading day, Aemulus closed at 39.5 sen, a 41.07% premium over its issue price of 28 sen, after some 92.26 million shares changed hands.

Today, the stock inched down 1.5 sen or 3.8% to 38 sen, bringing its market capitalisation to RM164.57 million.

Speaking to pressmen after the company's listing ceremony on Tuesday, its executive director and chief executive officer Ng Sang Beng said the group would be focusing more on research and development activities for which RM6 million of its initial public offering (IPO) proceeds has been allocated.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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