Heartiest Congratulations to Cape EMS Berhad for the launching of the company’s Initial Public Offering (IPO)’s prospectus today.
Cape EMS Berhad, a member of MCMTC, is principally an investment holding company and involved in the provision of electronics manufacturing services (EMS). Ms Christina Tee, the Non-Independent Managing Director/ Group CEO of Cape EMS Berhad is also the Vice President (Domestic) of MCMTC as well as the President of MICCI.
Based on the enlarged share capital of 923.0 million shares post-IPO and the retail price of RM0.90 per share, Cape EMS Berhad’s market capitalisation works out to be approximately RM830.7 million upon listing on the Bursa Malaysia’s Main Market on 10 March 2023.
The proceeds from the IPO, among others, will go towards the setting-up of a new cleanroom facility, purchase of new automated production lines, construction of a new warehouse, installation of automated storage facilities, working capital, purchase of new machinery and equipment and installation of an energy saving cooling system.
MCMTC wishes Cape EMS Berhad well in their business expansions and future endeavours.
MCMTC Members – From Left: Ir Mahmood Azmy (MECIP Global Engineers), Dato’ Steven Sim (Secret Recipe), Ms Christina Tee (Cape EMS), Mr Callum Chen (LH Plus), Mr BK Ong (GB Industries).
Business Today: Cape EMS Bhd To List On Main Market, To Raise RM155.7 Million From IPO
The Star: Main Market-bound Cape EMS aims to raise RM155.7mil in IPO
The Edge Markets: Cape EMS to have market cap of RM830.7m, IPO price of 90 sen
Bernama: Cape EMS aims to raise RM 155 mln from main market IPO
NST: Cape EMS eyes RM156mil proceeds from IPO
Berita Harian: IPO Cape EMS jana modal RM155.7 juta
Dagang News: Cape EMS dijangka raih dana RM 155 .7 juta daripada terbitan IPO
Shares Info4u: Cape EMS IPO 拟筹1.6亿令吉，3月10日上市主板
The MCMTC (Malaysian Consortium of Mid-Tier Companies) comprises MTCs (Mid-Tier Companies) from all industries. The MTCs form 1.7% of total companies in Malaysia and employ 16% of the total workforce, but contribute 39.9% of Malaysia’s GDP. Click here for any enquiries.