Oxford Innotech gets Bursa’s nod for IPO

KUALA LUMPUR: Integrated engineering solutions provider Oxford Innotech Bhd (OXB) has received approval from Bursa Malaysia to list on the ACE Market. Managing director Ng Thean Gin said it was exciting times ahead for OXB with great growth opportunities, particularly in the semiconductor and modular building systems sectors. OXB’s initial public offering entails a public issue of 143.46 million new shares, and an offer for sale of 50 million existing shares. The company aims to be listed by September this year.