KUALA LUMPUR: Industrial electronics manufacturing services provider Aurelius Techologies Bhd made its debut on the Main Market of Bursa Malaysia at RM1.41 a share, a five sen or 3.7% premium over the offer price of RM1.36 a share.

As at 12pm, the share price had surged 37 sen or 27.21% to RM1.73 on the back of 138.03 million units traded, making it the second most active stock on Bursa Malaysia.

Expressing her gratitude to investors, Aurelius chairman Datin Normaliza Kairon said in a statement that the listing will give the company the visibility to leverage its expansion and retain and attract more customers from across the Asia Pacific, the Americas and Europe.

“We see this listing also giving us the opportunity to realise our future plans and strategies, including expansion and upgrading of our production facilities,” she added.

In addition, Normaliza pledged that Aurelius will continue to create value through its focus on environmental, social and governance (ESG) matters.

“Besides technology adoption, we also want to create value through focusing on ESG by having sustainable practices.

“We have since 2004 have had our environmental management system ISO-certified and we endeavour to become the top electronics manufacturing services provider with green credentials,” she said.

Aurelius is raising RM104.73mil from the initial public offering, of which RM40mil will go towards the purchase of new machinery and equipment, RM25.92mil for the repayment of borrowings and the remainder for working capital and listing expenses.

Aurelius offers a comprehensive range of EMS to multinational corporations across 11 countries in Asia Pacific, the Americas and Europe.

These services include engineering support services, prototyping, board assembly, mechanical assembly, testing and labelling for communications and Internet of Things (IoT), electronic devices and semiconductor component products used by the transportation, power management, telecommunications and IoT industries.

For the financial year ended Jan 31, 2021, communications and IoT products contributed 89.5% to the company’s revenue, with electronic devices contributing 9.4% and semiconductor components contributing less than 1%.

The top three countries by revenue contribution for FYE19 to FYE21 were the US, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of revenue.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *