PETALING JAYA: Cape EMS Bhd
’s initial public offer (IPO) shares to the Malaysian public were oversubscribed by 17.82 times.
The company, en route to a listing on the main market of Bursa Malaysia on March 10, stated its shares offered to institutional investors were fully taken up as were shares offered to eligible directors and employees.
Cape EMS’ listing involved a public issue of 173 million new shares and an offer for sale of 86.7 million existing shares at 90 sen apiece.
The electronics manufacturing services firm aims to raise RM155.7mil from its listing to fund the expansion of its factory floor space to accommodate a new cleanroom facility and the purchase of new automated production lines for its growing aluminium die casting and parts and components supply business.
