Aurelius Technologies Berhad Archives

Aurelius Technologies Berhad’s Subsidiary Appoints COO as part of Core Management Team

Aurelius Technologies Berhad (“ATech” or the “Company”) is pleased to announce that its wholly-owned subsidiary, BCM Electronics Corporation Sdn. Bhd. (“BCM”), a provider of electronics manufacturing services (“EMS”) for industrial electronic products, has appointed Mr Lee Siang Tat (“Michael”), 47, as the Chief Operating Officer (“COO”) effective today.

Michael has more than 25 years of working experience in the electronics manufacturing industry, and is familiar with the various operational processes including process and product engineering, equipment and maintenance engineering, cost management, production and operational quality.

He first joined BCM in 2005 and progressed quickly to his last role as the Director of Surface Mount Technology (SMT), Maintenance & Facilities. He was subsequently appointed Chief Operating Officer of EG Industries Berhad in 2020 where he played a vital role steering the group’s overall manufacturing operations, including engineering, production planning and operational quality, to enable the group to achieve its strategic goals.

Mr Loh Hock Chiang, Interim Group Chief Executive Officer (“CEO”) and Chief Financial Officer of ATech, said, “We are still grieving the passing of our co-founder and CEO, late Mr Lee Chong Yeow @ Lee Chong Yan (“Mr Lee”) but we know that he would want us to continue with the plans for the business. We started our succession planning several years back looking for individuals with the right experience and fit for the role. We welcome Michael’s return to the BCM and ATech family and we are sure that his vast experience will add strength to the management team while fulfilling a key position in the operations of the business.”

Michael said, “I would like to express my appreciation to Mr Loh and the late Mr Lee for their confidence in me to re-join ATech. I will endeavour to bring ATech in achieving higher operational efficiency by working closely with the management team as ATech plans its next phase of growth and expansion.”

Aurelius Technologies Berhad Debuts on Main Market

Aurelius Technologies Berhad (“ATech” or the “Company”), a provider of electronics manufacturing services (“EMS”) for industrial electronic products, was successfully listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) at RM1.41 per share, or RM0.05 above the offer price of RM1.36 per share.

Thanking the Securities Commission, Bursa Securities, Maybank Investment Bank Berhad and other professionals for their guidance and advice on the initial public offering (“IPO”) exercise, Chairman of ATech Datin Normaliza binti Kairon (“Datin Normaliza”) said, “I would also like to express my heartfelt gratitude to the investors who have trusted us and have confidence in our business as a leading provider of electronic manufacturing services in Malaysia for manufacturing of industrial electronics products since day one. We are gratified by the response of investors to our listing and we are very pleased with our debut on the Main Market today”.

“We believe this listing will give us the visibility that we need to leverage the expansion of the business, to retain and attract more customers from across 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”.

The Company is raising RM104.73 million from the IPO exercise. From the proceeds, RM40.0 million would be used for the purchase of new machinery and equipment, RM29.52 million for the repayment of borrowings, RM28.13 million for working capital and RM7.09 million for the listing expenses.

Datin Normaliza pledged that ATech will continue creating value through focusing 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”.

For the financial year ended 31 January 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 USA, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of revenue.

Maybank Investment Bank Berhad is the Principal Adviser, Sole Bookrunner and Sole Underwriter.

Pictured (from left):
– Mr. Loh Hock Chiang, Executive Director and Group Chief Financial Officer
– Mr. Lee Chong Yeow, Executive Director and Group Chief Executive Officer
– Datin Normaliza Binti Kairon, Chairperson and Independent Non-Executive Director
– Dato’ Fad’l Mohamed, Chief Executive Officer of Maybank Investment Bank Berhad
(https://www.acnnewswire.com/topimg/Low_Aurelius20211216.jpg)

Aurelius Technologies Berhad IPO Shares Oversubscribed by 20.27 Times

Overwhelming response indicates positive sentiment for economic recovery in 2022
One-Stop Solution Electronics Manufacturing Services (EMS) Provider slated to list on the Main Market of Bursa Securities by 16 December

The shares of Aurelius Technologies Berhad (ATech or the Group) has been oversubscribed by 20.27 times ahead of the Group’s listing on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Mr. Lee Chong Yeow, ATech’s Executive Director and Group Chief Executive Officer

“We are extremely thankful for the trust that investors have in ATech, our business prospects and future plans. Our journey to be a one-stop solution for Electronics Manufacturing Services (EMS) provider has come a long way and has finally come to fruition,” said Executive Director and Group CEO of Aurelius Technologies Berhad, Mr. Lee Chong Yeow.

“As an EMS provider, we are encouraged by the overwhelming response to the IPO as it indicates that the market sentiment is positive for economic growth momentum to continue, which is important for the overall outlook of the electrical and electronics industry.”

ATech is raising RM104.73 million from the IPO exercise. From the proceeds, the Group will use RM40.0 million for the purchase of new machinery and equipment, RM29.52 million for the repayment of borrowings, RM28.13 million for working capital and RM7.09 million for the listing expenses.

“As we look towards the future, the expansion plan will give a boost to the growth of the Group’s business,” Mr. Lee explained. “This is also part of the strategy to increase our semiconductor component manufacturing and the upgrading of our manufacturing facilities with Industry 4.0 technologies.”

The IPO involves the issuance of up to 103,870,000 IPO Shares comprising the following:
(I) Institutional offering of up to 80,961,000 IPO Shares to Malaysian institutional and selected investors, including Bumiputera investors approved by the Ministry of International Trade and Industry at the institutional price to be determined by way of bookbuilding (“Institutional Price”) (“Institutional Offering”); and
(II) Retail offering of 22,909,000 Issue Shares to the directors and eligible employees of ATech and its subsidiary (“Group”), persons who have contributed to the success of the Group and the Malaysian public at the retail price of RM1.36 per Issue Share (“Retail Price”) (“Retail Offering”).

Following the completion of the bookbuilding process under the Institutional Offering by ATech, the Institutional Price has been fixed at RM1.36 per IPO Share. Accordingly, the final retail price for the Issue Shares under the Retail Offering has also been fixed at RM1.36 per Issue Share (“Final Retail Price”).

As the Final Retail Price equals to the Retail Price of RM1.36 per Issue Share, there will be no refunds made to the successful applicants under the Retail Offering.

A total of 14,253 applications for 380,958,800 Issue Shares with a value of RM518,103,968.00 were received from the Malaysian public for the 17,909,000 Issue Shares made available for application by Malaysian public, which represents an overall oversubscription rate of 20.27 times. For the Bumiputera portion, a total of 7,399 applications for 140,000,100 Issue Shares were received which represents an oversubscription rate of 14.63 times. For the public portion, a total of 6,854 applications for 240,958,700 Issue Shares were received which represents an oversubscription rate of 25.91 times.

The 5,000,000 Issue Shares available for application via Pink Application Form have been fully subscribed.

For the Institutional Offering, the Sole Bookrunner and Sole Underwriter have confirmed that the 80,961,000 IPO Shares offered to Malaysian institutional and selected investors, including Bumiputera investors approved by the Ministry of International Trade and Industry have been fully subscribed.

Maybank Investment Bank Berhad is the Principal Adviser for the IPO, Sole Bookrunner and Sole Underwriter.

ATech’s listing on the Main Market of Bursa Securities is scheduled on 16 December 2021.

Aurelius Technologies Berhad (ATech) Launches Prospectus for Main Market Listing

ATech is well-positioned for sustainable, accelerated growth as demand for IoT terminal connections is expected to hit 23.7 billion by 2026.

Aurelius Technologies Berhad (ATech), a provider of electronics manufacturing services (EMS) for industrial electronic products enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities; Stock Code: 5902), is pleased to announce the launch of the Company’s prospectus for the initial public offering (IPO) today.

ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly and test for communications devices, Internet of Things (IoT) devices, electronic devices and semiconductor component modules used by the telecommunications, transportation, power management and IoT industries.

With a long track record of 28 years, ATech has built a business based on long-term client partnerships. All top five customers are foreign companies or subsidiaries of US public-listed companies.

The IPO involves up to 103.87 million ordinary shares comprising public issue of 77.01 million shares and an offer for sale of up to 26.86 million shares. The institutional offering of up to 80.96 million shares represents 22.60% of the enlarged issued shares. The retail offering of up to 22.91 million shares, representing 6.40% of the enlarged issued shares, will be offered at a retail price of RM1.36 per share.

The company is expected to raise RM104.73 million in proceeds from the IPO, of which RM40.0 million would be used to acquire new machinery and equipment, RM29.52 million for repayment of borrowings, RM28.13 million for working capital and RM7.08 million for listing expenses.

The shares will be made available for application in the following manner:
The institutional offering comprising:
1) 44.77 million IPO shares representing 12.50% of the enlarged issued shares to bumiputera investors approved by the Ministry of International Trade and Industry
2) Up to 36.19 million IPO shares representing approximately 10.10% of enlarged issued shares to Malaysian institutional and select investors

The retail offering comprising:
1) 5.0 million issue shares representing 1.40% of enlarged issued shares to directors, eligible employees and persons who have contributed to the Company
2) 17.91 million issue shares representing 5.0% of the enlarged issued shares allocated to the Malaysian public via balloting

Executive Director and Chief Executive Officer of ATech, Lee Chong Yeow, said, “Our IPO will enable us to speed up the execution of our plan to grow, strengthen and leverage our core competency of providing EMS for industrial electronics products as well as continuing our expansion into the production of IoT modules that we started offering in early 2020.”

“We are also expanding our production facilities with the construction of a new factory adjacent to our existing plant in Kulim Hi-Tech Park. The new factory will enable us to add floor space to grow the semiconductor component modules production, to cater for Lithium-Ion battery pack production and our existing EMS operations. We will have a total of 15 SMT lines by the end of 2023 from both the new factory and additions to the current factory. These new SMT lines will increase our annual capacity by 198.7% for the financial year ending (FYE) 31 January 2024 from FYE21 to meet the expected increase in demand from our customers.”

For FYE21, communications and IoT products contributed 89.5% to the Company’s revenue, electronic devices contributed 9.4% and semiconductor components contributed less than 1%. The top three countries by revenue contribution for FYE19 to FYE21 were the USA, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of the total revenue.

Maybank Investment Bank Berhad, which is part of Maybank Kim Eng Group, is the Principal Adviser, Sole Bookrunner and Sole Underwriter.

Ami Moris, Chief Executive Officer, Maybank Kim Eng Group, said, “As a direct IoT proxy, ATech is well-positioned for sustainable, accelerated growth as the demand for IoT terminal connections is expected to hit 23.7 billion by 2026. Our conversations with investors indicate that ATech is one of the most anticipated small cap IPOs in Malaysia this year.”

“We are also encouraged to see that ATech is actively reducing its carbon footprint to become a best-in-class green EMS player, and is prioritising local communities through upskilling and employment opportunities. We look forward to journeying with ATech as a trusted business partner.”

Pictured (from left):

Left: Datin Normaliza Binti Kairon, ATech’s Chairperson and Independent Non-Executive Director
Right Top: Mr. Lee Chong Yeow, ATech’s Executive Director and Group Chief Executive Officer and Mr. Loh Hock Chiang, ATech’s Executive Director and Group Chief Financial Officer
Right, Second Row: ATech’s Ms. F’ng Meow Chong, Independent Non-Executive Director and ATech’s En. Nor Shahmir Bin Nor Shahid, Independent Non-Executive Director
Right, Bottom Row: ATech’s Mr. Yee Swee Meng, Independent Non-Executive Director and Maybank Kim Eng Group’s Datin Ami Moris, Chief Executive Officer
(https://www.acnnewswire.com/topimg/Low_ATech20211129.jpg)

Aurelius Technologies Berhad Launches Prospectus for Main Market Listing

IPO to raise RM104.73 million for expansion of EMS business
Retail offering of up to 22.91 million shares at RM1.36 per share
Company’s customer base spans 11 countries

Aurelius Technologies Berhad (ATech or the Company), a provider of electronics manufacturing services (EMS) for industrial electronic products enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pleased to announce the launch of the Company’s prospectus for the initial public offering (IPO) today.

ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly and test for communications devices, Internet of Things (“IoT”) devices, electronic devices and semiconductor component modules used by the telecommunications, transportation, power management and IoT industries.

With a long track record of 28 years, ATech has built a business based on long-term client partnerships. All top five customers are foreign companies or subsidiaries of US public-listed companies.

The IPO involves up to 103.87 million ordinary shares comprising public issue of 77.01 million shares and an offer for sale of up to 26.86 million shares. The institutional offering of up to 80.96 million shares represents 22.60% of the enlarged issued shares. The retail offering of up to 22.91 million shares, representing 6.40% of the enlarged issued shares, will be offered at a retail price of RM1.36 per share.

The company is expected to raise RM104.73 million in proceeds from the IPO, of which RM40.0 million would be used to acquire new machinery and equipment, RM29.52 million for repayment of borrowings, RM28.13 million for working capital and RM7.08 million for listing expenses.

The shares will be made available for application in the following manner:
The institutional offering comprising:
1) 44.77 million IPO shares representing 12.50% of the enlarged issued shares to bumiputera investors approved by the Ministry of International Trade and Industry
2) Up to 36.19 million IPO shares representing approximately 10.10% of enlarged issued shares to Malaysian institutional and select investors

The retail offering comprising:
1) 5.0 million issue shares representing 1.40% of enlarged issued shares to directors, eligible employees and persons who have contributed to the Company
2) 17.91 million issue shares representing 5.0% of the enlarged issued shares allocated to the Malaysian public via balloting

Executive Director and Chief Executive Officer of ATech, Lee Chong Yeow, said, “Our IPO will enable us to speed up the execution of our plan to grow, strengthen and leverage our core competency of providing EMS for industrial electronics products as well as continuing our expansion into the production of IoT modules that we started offering in early 2020.”

“We are also expanding our production facilities with the construction of a new factory adjacent to our existing plant in Kulim Hi-Tech Park. The new factory will enable us to add floor space to grow the semiconductor component modules production, to cater for Lithium-Ion battery pack production and our existing EMS operations. We will have a total of 15 SMT lines by the end of 2023 from both the new factory and additions to the current factory. These new SMT lines will increase our annual capacity by 198.7% for the financial year ending (FYE) 31 January 2024 from FYE21 to meet the expected increase in demand from our customers.”

For FYE21, communications and IoT products contributed 89.5% to the Company’s revenue, electronic devices contributed 9.4% and semiconductor components contributed less than 1%. The top three countries by revenue contribution for FYE19 to FYE21 were the USA, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of the total revenue.

Maybank Investment Bank Berhad, which is part of Maybank Kim Eng Group, is the Principal Adviser, Sole Bookrunner and Sole Underwriter.

Ami Moris, Chief Executive Officer, Maybank Kim Eng Group, said, “As a direct IoT proxy, ATech is well-positioned for sustainable, accelerated growth as the demand for IoT terminal connections is expected to hit 23.7 billion by 2026. Our conversations with investors indicate that ATech is one of the most anticipated small cap IPOs in Malaysia this year.”

“We are also encouraged to see that ATech is actively reducing its carbon footprint to become a best-in-class green EMS player, and is prioritising local communities through upskilling and employment opportunities. We look forward to journeying with ATech as a trusted business partner.”

Pictured (from left):

Left: Datin Normaliza Binti Kairon, ATech’s Chairperson and Independent Non-Executive Director
Right Top: Mr. Lee Chong Yeow, ATech’s Executive Director and Group Chief Executive Officer and Mr. Loh Hock Chiang, ATech’s Executive Director and Group Chief Financial Officer
Right, Second Row: ATech’s Ms. F’ng Meow Chong, Independent Non-Executive Director and ATech’s En. Nor Shahmir Bin Nor Shahid, Independent Non-Executive Director
Right, Bottom Row: ATech’s Mr. Yee Swee Meng, Independent Non-Executive Director and Maybank Kim Eng Group’s Datin Ami Moris, Chief Executive Officer
(https://www.acnnewswire.com/topimg/Low_ATech20211129.jpg)