• Wed. Nov 29th, 2023

Technology Company Sets IPO Price at RM1.07 for Main Market, Seeking to Raise RM179.58 Million


Nov 20, 2023

CPE Technology Bhd, a precision parts manufacturer, is set to launch its initial public offering (IPO) with an estimated market capitalization of RM718.31 million. The company will issue 167.83 million new ordinary shares, which represent 25% of the enlarged share capital, at a price of RM1.07 each in an effort to raise approximately RM179.58 million.

CPE mainly focuses on manufacturing precision-machined parts and components and providing computer numerical control machining services. Its key customer industries include semiconductor, life science and medical devices, and sports equipment, with major clients in the US, Singapore, and Malaysia. In the fiscal year ending on June 30, 2023, CPE’s net profit decreased by 10.67% to RM30.29 million from a record RM33.91 million in the previous year while revenue increased by 4.63% to RM145.28 million from RM138.85 million.

The IPO will also involve the offer for sale of 67

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