Electronic Manufacturer, Cnergenz Enlists Uob Kay Hian As Its IPO Underwriter

Cnergenz Bhd, an electronics manufacturing solutions provider based in Penang, specialising in surface mount technology (“SMT”) catering to the electronics and semiconductor industries, announced that it has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd for its upcoming initial public offering on the ACE Market of Bursa Malaysia Securities Berhad.

The company had obtained approval to list on the ACE Market of Bursa Securities and is targeting to launch its Prospectus in April 2022.

The IPO exercise involves the public issue of 100 million issue shares and an offer for sale of 50 million offer shares by way of a private placement.

From the public issue, 25 million issue shares will be made available for application to the Malaysian public, 10 million shares will be allocated for application by eligible directors and employees as well as persons who have contributed to the success of CNERGENZ Group, 52.75 million shares will be reserved for private placement to identified investors and 12.25 million shares will be reserved for private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry.

UOB Kay Hian will underwrite an aggregate of 35 million issue shares, comprising 25 million shares under the public issue and 10 million shares allocated to Eligible Persons as part of the underwriting agreement.

Chief Executive Officer of CNERGENZ, Mr. Lye Yhin Choy, said, “This listing will enable us to strengthen our name as a leading electronics manufacturing solutions provider in Malaysia whilst deepening our presence in Thailand and Vietnam, countries which are benefitting from strong investment flows into the E&S Industries.”

Chief Executive Officer of UOB Kay Hian, Mr. David Lim added “UOB Kay Hian is pleased to be working with CNERGENZ on its IPO exercise. The Company has a stellar track record and experience in the E&S Industries that dates back to 2004.

CNERGENZ collaborates closely with its network of over 50 suppliers to offer quality solutions for its customers, building a strong network and contributing to its business development and growth. The group caters to domestic and international customers across Malaysia, Vietnam and Thailand. It has a customer base of over 100 local and multinational companies operating within the E&S Industries, comprising integrated design manufacturers (IDMs), outsourced semiconductor assembly and test service providers (OSATs) and electronics manufacturing service providers (EMSs), some of which have been customers for over 15.

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