ASM Automation Group Berhad Targets ACE Market Listing, Aims to Raise RM21.82 Million

ASM Automation Group Berhad plans an ACE Market listing. The company seeks to raise RM21.82 million. They recently launched their prospectus. This marks a significant milestone.

IPO Details Revealed

The IPO offers 128.34 million new shares. These represent 24.0% of enlarged share capital. Also, 53.48 million existing shares are for sale. This equals 10.0% of the enlarged capital. The IPO price is RM0.17 per share. Total gross proceeds reach RM21.82 million.

Strategic Use of IPO Proceeds

ASM will use RM11.40 million. This funds a new factory. It boosts production capacity. RM2.30 million is for new machines. Equipment and components are also covered. This supports operational growth. RM2.00 million targets Design & Development. This enhances research capabilities. RM1.92 million provides working capital. This supports daily operations. Finally, RM4.20 million covers listing expenses.

Management's Vision for Growth

Mr. Chan Kok Heng leads ASM Automation. He calls this a thrilling IPO stage. The prospectus launch signals a new chapter. ASM grew from a local outfit. It became a trusted automation name. The company plans to deepen technical capabilities. They also aim to extend market reach. IPO funding supports expansion plans. It enhances visibility and credibility. ASM will scale innovation. They will boost manufacturing capacity. Export footprint will also grow.

Advisor's Confidence in ASM's Potential

Mr. Danny Wong works with M & A Securities. He is honored to join ASM's IPO. ASM shows consistent growth. They serve multinational customers. The Group expanded overseas. This reflects strong technical abilities. Their customer-centric approach is key. This sets the stage for regional growth. The IPO will accelerate ASM's strategy. It builds capacity for larger projects. ASM will solidify its market presence.

Financial Advisor Highlights ASM's Strength

Mr. Kelvin Khoo represents Eco Asia Capital Advisory. He praises ASM's steady growth. The company adapted to industry demands. They show operational excellence. ASM tailors automation solutions. This meets evolving production needs. The F&B sector is a focus. Raised capital will ramp up D&D. It enhances cost-efficiency. Strategic expansion is also planned. Investors will recognize long-term value.

Key Partnerships in the IPO

M & A Securities Sdn Bhd is the Principal Adviser. They are also Sponsor, Underwriter, and Placement Agent. Eco Asia Capital Advisory Sdn Bhd acts as Financial Adviser.

About ASM Automation Group Berhad

ASM Automation Group Berhad began in 1994. Its subsidiary is Arrow Systems Sdn Bhd. The Group specializes in automation machinery. They design and develop solutions. This includes Front-of-Line processing. End-of-Line packaging is also a focus. The F&B sector is their primary market. ASM offers complementary services. These include modifications and upgrades. They provide maintenance services. Spare parts and components are also supplied. ASM serves local and international customers. Liwayway Group is a notable client. ASM plans continued expansion. Growing demand for industrial automation drives this.