Malaysian ATE company successfully launches its prospectus in conjunction with proposed listing
KUALA LUMPUR, Aug 26, 2015 - (ACN Newswire) - Aemulus Holdings Bhd ("Aemulus" or the "Group"), 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, successfully launched its prospectus today in conjunction with the Group's listing and quotation of its entire issued and paid-up ordinary share capital on the ACE Market of Bursa Malaysia Securities Bhd ("Bursa Securities").
Independent Non-Executive Chairman of Aemulus, Chok Kwee Bee expressed, "It is truly a momentous occasion as we officially launch our Prospectus in conjunction with our proposed listing on the ACE Market of Bursa Securities. It has been an exciting journey for the entire team at Aemulus, who along with our advisers and underwriters have put in many hours over the last couple of months preparing for this day."
Aemulus' Initial Public Offering ("IPO") involves a total offering of 131,675,000 ordinary shares of RM0.10 each ("IPO Shares"), at an issue price of RM0.28 per share payable in full upon application comprising public issue of 87,790,000 new shares ("Issue Shares") and offer for sale of 43,885,000 existing shares ("Offer Shares") and in the following manner:
- Public Issue of 87,790,000 shares in the following manner:
-- 21,943,000 new shares available for the Malaysian Public;-- 13,167,000 new shares available for application by eligible Directors, employees and business associates; and-- 52,680,000 new shares available for application by way of private placement to selected investors;
- Offer for sale of 43,885,000 offer shares available for application by way of private placement to identified investors.
The Group's core expertise is in the design and development of ATE for the testing of Radio Frequency front end devices, which are used in wireless applications such as mobile phones, tablets, wireless networking devices such as wireless routers and other wireless-enabled products. Aemulus' products are also capable of testing sensors, optocouplers and fibre-optic transceivers, as well as proximity sensors that are used in mobile phones and tablets; and reverse sensors and rain sensors used in vehicles. Their product range also includes ATE for the testing of discrete devices, such as resistors, capacitors, inductors, diodes, transistors and vacuum tubes, used in almost all electronic circuits in electronic devices and gadgets.
Aemulus has customers in Malaysia and in the international markets including Singapore, China, USA, South Korea, Philippines, Thailand and Germany. According to the Independent Market Research report by Smith Zander International Sdn Bhd, the Group commanded an industry revenue share of 29.3%, based on the Group?s revenue for the financial year ended 30 September 2014.
Aemulus aims to raise approximately RM24.58 million through this Public Issue, of which approximately RM12.88 million will be used as working capital. A further RM6.0 million will be used on Research and Development ("R&D") expenditure, including the setting up of a new tester research laboratory for RM1.5 million, proposed product upgrades of approximately RM2.6 million and new product development of approximately RM1.9 million. RM2.0 million will be used for the purchase of property, plant and equipment. The Group further proposes to spend RM1.2 million for new marketing, branding and promotion initiatives, all to be funded from the Public Issue proceeds.
Chok further shared, "Historically, the Group's R&D activities have driven our growth and ensured our competitiveness. Armed with access to the capital markets however, we now plan to invest in beefing up the marketing, branding and promotion of our products as well as to further expand our facilities, equipment and workforce. The Group's business model has proven to be viable so we are optimistic of our future prospects, once we become a listed entity."
TA Securities Holdings Bhd is the Principal Adviser, Sponsor, Managing Underwriter, Joint Underwriter and Joint Placement Agent for the IPO. 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.
Indicative Timetable Issue of Prospectus/Opening date for IPO 26 August 2015 Closing date of the IPO 3 September 2015 Balloting of Applications 7 September 2015 Allotment of IPO Shares 11 September 2015 Listing Date 15 September 2015
About Aemulus Holdings Bhd
Aemulus Holdings Bhd was incorporated in Malaysia under the Companies Act, 1965 as a public limited company on 17 October 2014. Aemulus is principally involved in the design, engineering and development of Automated Test Equipment ("ATE") used by semiconductor manufacturers and outsourced semiconductor assembly and test ("OSAT") companies. Aemulus caters to a wide range of consumer and industrial electronics industries locally and internationally. Today, Aemulus boasts an extensive clientele list of primarily large global multinational semiconductor manufacturers and OSAT companies in Malaysia, Singapore, China, USA, South Korea, Philippines, Thailand and Germany. For more information, please log on to www.aemulus.com.
Source: Aemulus Holdings Bhd
Contact:
Esente Communications - Lee Chiu Ling Tel: +603-6201-4110/ +6012-679-1364 Email: chiuling@esente.com.my Alexander Tel: +603-6201-4110/ +6017-287-7494 Email: alex@esente.com.my Aemulus Holdings - Kan Ky-Vern Tel: +604-644-6399/ +6012-281-7433 Email: kvkan@aemulus.com Ng Chin Wah Tel: +604-644-6399/ +6012-412 9628 Email: cwng@aemulus.com
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