A total of 16,186 applications for 1,033,093,200 Issue Shares were received from the Malaysian Public, representing an oversubscription rate of 40.32 times said CNERGENZ on their IPO.
The company which is heading to the ACE Marke had a total of 9,089 applications for 376,239,100 Issue Shares under the Bumiputera category, representing an oversubscription rate of 29.10 times, whilst a total of 7,097 applications for 656,854,100 Issue Shares were received under the other Malaysian Public category, representing an oversubscription rate of 51.55 times.
Meanwhile, the total of 10,000,000 Issue Shares available for application by the Eligible Persons was also fully subscribed.
Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, “We would like to thank investors for putting their trust in us. We are extremely pleased with the reception to our IPO as it shows deep investor confidence in our business, our solutions capabilities, and the overall optimism and positive outlook of the electronics and semiconductor industry.”
Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd., Mr. David Lim said, “The response to CNERGENZ’s IPO is a reflection of investors’ appetite for businesses with fundamentally strong prospects and solid growth plans. The Company is well-positioned to leverage on the continued growth and investment in the electronics and semiconductor industries in Malaysia, Vietnam and Thailand.
UOB Kay Hian, being the Principal Adviser, Sponsor, Underwriter and Placement Agent in conjunction with the IPO, has confirmed that the 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors have been fully placed out.
The Company is expected to list on the ACE Market of Bursa Securities on 24 May 2022.
