CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times
CNERGENZ Berhad (CNERGENZ) is pleased to announce that the share
allocation to the Malaysian public from its IPO has been
oversubscribed by 40.32 times.
CNERGENZ's IPO comprises a public issue of 100,000,000 new ordinary
Shares which were made available for application in the following
- 25,000,000 Issue Shares available for application by the
- 10,000,000 Issue Shares reserved for application by the eligible
directors and employees as well as persons who have contributed to
the success of the CNERGENZ group (Eligible Persons);
- 52,750,000 Issue Shares by way of private placement to identified
institutional and/or selected investors; and
- 12,250,000 Issue Shares by way of private placement to identified
Bumiputera investors approved by the Ministry of International
Trade and Industry, Malaysia (MITI);
and an offer for sale of 50,000,000 Offer Shares by way of private
placement to identified Bumiputera investors approved by the
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. A total of 9,089 applications
for 376,239,100 Issue Shares were received 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 were 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
The Company is expected to list on the ACE Market of Bursa
Securities on 24 May 2022.
About CNERGENZ Berhad
CNERGENZ Berhad was incorporated in Malaysia on 6 August 2021 as a
private limited company under the name CNERGENZ Sdn. Bhd. and
assumed its present name upon conversion to public company on 23
The Group is principally an investment holding company. Through its
subsidiary, SiP Technology Sdn. Bhd., CNERGENZ is an electronic
manufacturing solutions provider, specialising in surface mount
technology (SMT) manufacturing solutions for the electronics and
semiconductor industries (E&S Industries). The Group's
solutions and services are typically provided to customers who are
looking to commission new integrated production lines or automate
their production facilities, based on their operational
requirements, budget and capital expenditure.
CNERGENZ mainly serves electronics and semiconductor companies that
carry out the assembly of the advanced semiconductor packaging
products as well as assembly and testing of printed circuit board
assembly (PCBAs). For more information, visit cnergenz.com.
For more information, please contact:
Hakim Syed Munif
Swan Consultancy Sdn Bhd
Tel: +60 12-318 5410
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