CPE Technology Bhd is an engineering precision parts manufacturer that has set its shares at RM1.07 each for its initial public offering (IPO) in an effort to raise approximately RM179.58 million. The company’s market capitalization upon its listing on Bursa Malaysia’s Main Market on December 7, 2023, is estimated to be RM718.31 million, based on an enlarged issued share capital of 671.31 million.

CPE will issue 167.83 million new ordinary shares, representing 25% of the enlarged share capital, as part of the IPO. The company primarily engages in the manufacturing of precision-machined parts and components and provides 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

By Editor

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