CNERGENZ Berhad launches Prospectus for ACE Market IPO

KUALA LUMPUR, Apr 29, 2022 – (ACN Newswire) – Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company's Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd; Mr. Kong Chia Liang, Chief Operating Officer & Executive Director of CNERGENZ Berhad; Dato' Azman bin Mahmud, Independent Non-Executive Chairman of CNERGENZ Berhad; Mr. Lye Yhin Choy, Chief Executive Officer & Executive Director of CNERGENZ Berhad; Mr. Lye Thim Loong, Chief Corporate Officer & Executive Director of CNERGENZ Berhad [L-R]

Applications for the IPO have opened starting at 10.00 a.m. today following the Prospectus launch and will close on 11 May 2022. The targeted IPO listing date of the Company on the ACE Market is on 24 May 2022. At the IPO price of RM0.58 per share, CNERGENZ will have a market capitalisation of RM288.84 million ahead of its debut.

The IPO involves the public issue of 100.0 million issue shares and an offer for sale of 50.0 million offer shares by way of private placement at the IPO price of RM0.58 per share. From the public issue, 25.0 million issue shares will be made available for application to the Malaysian public, 10.0 million shares will be allocated for application by eligible directors and employees as well as persons who have contributed to the success of CNERGENZ Group, 52.75 million shares will be reserved for private placement to identified investors and 12.25 million shares will be reserved for private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI).

The IPO is expected to raise gross proceeds of RM58.0 million and shall primarily be channelled towards the Group's expansion of its operational facility, as well as research and development expenditure and working capital purposes.

CNERGENZ is an established electronics manufacturing solutions provider specialising in surface mount technology (SMT) catering to the electronics and semiconductor industries (E&S Industries) in Malaysia, Thailand and Vietnam. The Group has an established track record in providing integrated solutions that suit the evolving nature and changing technological landscape of the E&S Industries since the commencement of its business in 2004.

Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, "We are elated to have reached a new milestone with the Prospectus launch today, bringing us a step closer towards becoming a listed entity on the ACE Market of Bursa Securities. Having been in the E&S space since 2004, our listing is in line with our growth plans and strategies to scale up our operations, expand our integrated solutions and smart factory solutions offerings and develop our own proprietary range of solutions."

Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd. (UOB Kay Hian), Mr. David Lim said, "We are pleased that the interest among institutional and selected investors, as well as MITI Bumiputera institutional and individual investors have been encouraging with many indicating strong interest to subscribe for the IPO."

UOB Kay Hian is the principal adviser, sponsor, underwriter, and placement agent for CNERGENZ's IPO.

CNERGENZ Bhd: https://cnergenz.com
CNERGENZ Bhd: [BURSA: CNERGENZ]

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Seng Fong Holdings Berhad Obtains SC Approval for Main Market Listing

KUALA LUMPUR, Apr 26, 2022 – (ACN Newswire) – Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, via its subsidiaries, is pleased to announce that the Company has, in the month of April 2022, obtained the approval of the Securities Commission Malaysia (SC) to list on the Main Market of Bursa Malaysia Securities Berhad.

Managing Director of Seng Fong, Mr. Er Hock Lai

With history tracing back to 1986, Seng Fong is principally involved in the processing of Standard Malaysia Rubber (SMR) and premium grade block rubber as well as trading in block rubber, where its customers are mainly tyre manufacturers or international rubber traders. The Company also operates a Malaysian Rubber Board-approved laboratory for the testing, grading and certification of the processed block rubbers.

According to Seng Fong's draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia website, the listing exercise involves the initial public offering of up to 160.87 million ordinary shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares.

The IPO shares is divided into an institutional offering of up to 118.68 million shares representing 22.9% of the enlarged issued shares and, a retail offering of up to 42.20 million shares representing 8.1% of the enlarged issued shares.

The institutional offering comprises:
1. 64.87 million IPO shares representing 12.5% of the enlarged issued shares to bumiputera investors approved by the Ministry of International Trade and Industry
2. 53.81 million IPO shares representing 10.4% of the enlarged shares to other institutional and selected investors

The retail offering comprises:
1. Malaysian public
– 12.97 million IPO shares representing 2.5% of the enlarged issued shares to bumiputera investors
– 12.97 million IPO shares representing 2.5% of the enlarged issued shares to non-bumiputera investors
2. 16.25 million IPO shares representing 3.1% of the enlarged issued shares to eligible directors and employees of the Company as well as persons who have contributed to the success of the Company and its subsidiaries

Managing Director of Seng Fong, Mr. Er Hock Lai said, "We would like to express our appreciation to the SC for approving our IPO on the Main Market of Bursa Securities. The listing will enhance our reputation and assist us in expanding our customer base globally while allowing us to gain access to the capital markets to raise funds for future growth opportunities."

"The listing also enables us to raise the funds we need for the installation of a biomass system that will provide a source of fuel for our processing operations while at the same time achieve cost savings by reducing overall fuel costs. We are also installing two solar system units to help us lower electricity cost as well as help us achieve our sustainability goals of reducing greenhouse gas emissions".

A portion of the proceeds from the listing will also go to working capital needs, which will include increasing production capacity and repaying bank borrowings, which includes a term-loan for the Solar Systems installation.

Group Managing Director/Chief Executive Officer of Hong Leong Investment Bank Berhad (HLIB), Ms. Lee Jim Leng said, "We congratulate Seng Fong for having received the approval of the SC for its listing and look forward to working with its management in preparing for the listing on the Main Market. Seng Fong is a solid business with a history going back to 1986 in an industry where demand continues to grow steadily. We have no doubt that the Company will find favourable reception with investors".

Almost all of Seng Fong's revenue is derived from sales to international customers for the financial years ended 31 December 2019 to 2021.

Hong Leong Investment Bank Berhad is the Principal Adviser, Underwriter and Placement Agent.

Seng Fong Holdings Berhad: http://sengfongholdings.com/

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Glasstech Asia x PERAFI Webinar Attracted Global Audience from 12 Countries

Singapore, Aug 4, 2021 – (ACN Newswire) – Riding on the success of the previous webinar with PERAFI (Indonesian Facade Association), the latest edition was held virtually on July 29 and focused on the international perspectives of facade design and applications.

Subject-matter experts from around the world shared valuable information on tackling and overcoming challenges faced in the industry. The online sessions recognised the need to keep up to date with the latest developments and supported a better understanding of best practices in facade design and their applications for different countries.

Putri Anindia from Astra Land Indonesia, hosted the webinar with the following speakers:
– Anna Pravinata, Principal of Alliiance
– Henry Sonten, Estimating Manager of Construction Specialties
– Jayrold Bautista, Associate TS&D Scientist of Dow Performance Silicones
– Monique Suksmaningsih, Regional Board Director of Broadway Malyan

The webinar commenced with an understanding of facade design considerations in cold climates which was shared by Anna Pravinata, Principal of Alliiance. Attendees learnt about the factors to take note of such as thermal value, occupant comfort and durability.

Adding on, Henry Sonten, Estimating Manager of Construction Specialties, presented the variety of performance louvres and its resistance against rain, while ensuring proper air circulation. He also proved that louvres can be integrated seamlessly and aesthetically into building design.

"It was important to have the design work with the weather and not against it," Putri Anindia, Astra Land Indonesia, added.

On a larger scale, Monique Suksmaningsih, Regional Board Director of Broadway Malyan, explored the transformation of streets, neighbourhood and districts through numerous case studies and architectural design plans.

Glasstech Asia – The Glasshub of Southeast Asia (International Glass Products, Glass Manufacturing, Processing & Materials Exhibition) www.glasstechasia.com.sg
Concurrent event: Fenestration Asia (International Windows, Doors, Skylights, Curtain Wall & Facade Technology Exhibition) www.fenestrationasia.com

"About how things are changing (due to the pandemic) – residential areas, retail trends, workplaces and so on – we ensure that the developments are future-proof and aligned with what was envisioned," said Monique Suksmaningsih, Regional Board Director of Broadway Malyan.
Lastly, an in-depth technical analysis of having cold bent facades in building design was given by Jayrold Bautista, Associate TS&D Scientist of Dow Performance Silicones. He emphasised the importance of communicating with the silicone supplier to ensure a long-lasting design.

Webinars on-demand

Besides these live sessions, Glasstech Asia x PERAFI webinars also features on-demand components that are only accessible to delegates that have an account on the Glasstech Asia Virtual platform. (Please check here: https://virtual.glasstechasia.com.sg/ivs/glasstech)

About Glasstech Asia 2022 and Fenestration Asia 2022

Coined "The Glass Hub of Southeast Asia", Glasstech Asia is an annual rotating exhibition that focuses on all things glass. The upcoming 18th edition Glasstech Asia along with the concurrent Fenestration Asia will be held between the 26th to 28th of October next year at Marina Bay Sands Convention Centre in Singapore. The three-day event brings together the best of the Southeast Asian glass and glazing sector, from glass manufacturing, processing, and machinery to accessories, raw materials, and finished glass products. Coupled with high-powered symposiums, forums, workshops, and an exciting Glass Installation Competition, it is an event not to be missed.

Additionally, Glasstech Asia and Fenestration Asia aims to meet and satisfy the increasing global demands for eco-friendly windows, doors, and facades by focusing on new industry standards in sustainability, automation, and energy-efficiency topics. With a focus on green and smart fenestration technologies to bring about a more sustainable, energy-efficient, and liveable future, the exposition is strategically geared towards helping the architecture, building, and construction sectors in countries meet their energy targets.

About Messe Munchen

Messe Munchen is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center Munchen and the MOC Veranstaltungscenter Munchen as well as abroad. Together with its subsidiary companies, Messe Munchen organizes trade shows in China, India, Brazil, Russia, Turkey, South Africa, Nigeria, Vietnam, and Iran.

With a network of associated companies in Europe, Asia, Africa and South America as well as around 70 representations abroad for over 100 countries, Messe Munchen has a global presence.

About BAU Network

BAU is the World's Leading Trade Fair for Architecture, Materials and Systems. Everyone involved in the international community for planning, building and designing buildings comes together here–i.e. architects, planners, investors, representatives of the industrial and commercial sectors, the building trades, etc.

It is where future-oriented manufacturers come together with an audience of interested professionals. Their primary interests include the latest techniques, materials and applications that can be used in actual practice. This is where visitors experience the future of building in person.

For additional information, contact:
bauasia@mmiasia.com.sg

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Close to half of Manufacturing & Supply Chain Professionals in Southeast Asia Perceive their Companies to be Lagging the Industry in Digital Transformation

Singapore, Jul 21, 2021 – (ACN Newswire) – Almost half of the respondents, around 46.6%, believed that their own companies fell behind the industry average when it comes to utilising digital tools as part of business processes, according to a survey conducted by AIBP and Oracle from March to April. The survey counted 193 professionals*, mainly from IT, innovation & business backgrounds in manufacturing and supply chain companies across the largest economies in Southeast Asia: Singapore, Indonesia, Malaysia, Thailand, Philippines & Vietnam.

The manufacturing industry plays a significant role in local economies of Southeast Asian countries, contributing more than 20% of Gross Domestic Products in markets like Singapore, Indonesia, Malaysia and Thailand. Recent US-China trade tensions have also increased expectations of how manufacturing can contribute to markets like Indonesia and Vietnam. Concurrently, local governments are focused on uplifting local manufacturing capabilities by implementing policies to encourage and support initiatives towards Industry 4.0

The survey also found that 46.6% of respondents believed that the top priority of implementing digital solutions should be to drive operational efficiency in a bid to reduce costs, while 16.6% feel that it should be used to increase or create revenue opportunities.

The COVID-19 pandemic has seen supply chain disruptions across industries – while some companies struggled to come to terms with unusual fluctuations in supply and demand, other companies were better prepared. Thossaporn Petporee, SVP and part of Charoen Pokphand Foods digital committee outlined how Charoen Pokphand Foods have been ahead of the curve when it comes to digital transformation because of their experiences navigating past disruptions like the African swine fever and Avian Influenza. "Each time a pandemic hit, we prepared ourselves better. In our farms, we have the highest level of biosecurity and AI to identify animals across the farm and sales areas. We do well because we keep up to date, keep challenging ourselves." The recent pandemic has led them to develop innovative online solutions like Vet Online and chatbots which are made available to the farms across their network to allow for diagnosis of animal diseases remotely. Charoen Pokphand Foods saw a net profit increase of 41% in 2020.

Companies from the Manufacturing and Supply Chain industries continue to innovate. In 2020, 3 out of 10 winners of the annual ASEAN Enterprise Innovation Awards were from the Manufacturing and Supply Chain industries, including Kalbe Farma and Astra International. Both companies embarked on digital transformation projects which involved integration of their ERP across business units to allow for a more connected supply chains; enabling real time feedback from across the entire value chain.

"There is an urgent need to reorganize one's supply chains in the wake of 2020 and the recent Suez Canal blockage, and manufacturers in the region are rightly realising that what they have in-house is not enough when creating robust and resilient logistics processes that keep the business moving efficiently," said Michael Lim, GTM Leader, ERP & Digital Supply Chain, Oracle. "With new capabilities upgraded onto Oracle Fusion Cloud Supply Chain Management each quarter, we are helping our customers streamline logistics to fulfil orders faster, cheaper and more sustainably to deliver the operational excellence they desire."

*The survey was sent to professionals working in 1,600 publicly listed companies and/or subsidiaries of MNCs in Indonesia, Malaysia, Thailand, Philippines, Vietnam & Singapore. These companies represent the following sectors: Consumer Durables, Non-Durables, Electronic Technology, Process Industries & Producer Manufacturing.

About AIBP

AIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. AIBP is a business unit of Industry Platform, a growth consulting firm based in Singapore.

About Industry Platform Pte Ltd

We work with public and private organisations to develop value-adding partnerships within the industries and markets which we serve. Our consulting framework advocates pursuing an integrated approach in assisting our clients in their growth and development initiatives. This includes market research, and access through business development strategy formulation and execution.

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