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[公司专区] 0181 Aemulus 明試控股

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发表于 2015-3-9 19:27 | 显示全部楼层 |阅读模式
本帖最后由 jc5360 于 2015-10-3 21:51 编辑

Semiconductor testing firm Aemulus eyes ACE Market listing
By Ahmad Naqib Idris /   | March 9, 2015 : 5:08 PM MYT   
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KUALA LUMPUR (Mar 9): Aemulus Holdings Bhd, a semiconductor testing company, plans to use the proceeds of its proposed listing on the ACE Market of Bursa Malaysia for research and development (R&D) and working capital.

According to its draft prospectus on the Securities Commission (SC) website today, Aemulus said 24.41% of its proceeds will be allocated for R&D expenditure, which includes the financing of its new tester research laboratory and future R&D for new products and services and the improvement of its existing line of products and services.

“As at the last practicable date, our R&D team is in the midst of developing an upgrade for our Amoeba 7600, which commenced in 2013. We intend to launch this upgrade in 2016.

“We also plan to commence work on the upgrading of our Amoeba 4200 in 2015, with expected completion also in 2016,” it said.

Besides R&D expenses, 52.40% of its proceeds will be used for working capital, 8.14% will be for the purchase of property, plant and equipment, 4.88% will go to marketing, branding and promotion, and the remaining 10.17% will be used to cover its listing expenses.

Aemulus's initial public offering (IPO) involves 131.68 million shares, including a public issue of 87.79 million new shares. It also involves an offer for sale of up to 43.89 million existing Aemulus shares, which represents 10% of the company's enlarged issued share capital.

The promoters comprise its executive director (ED), chief executive officer and co-founder Ng Sang Beng, ED and co-founder Yeoh Chee Keong, as well as EDs Wong Shee Kian and Kan Ky-Vern, as well as Beach Capital and Aemuius Venture Sdn Bhd (AVSB).

On prospects, Aemulus expects to remain competitive in the semiconductor testing industry through the introduction of new products and services, while also expanding its export market.

Aemulus currently exports to Singapore, China, the US, South Korea, the Philippines, Thailand, Germany and Hong Kong.

“In particular, we plan to focus on further export penetration into the US and China. The US and China are among the key markets for consumer electronics and subsequently is a base for many semiconductor manufacturers and OSATs,” said the company.

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发表于 2015-3-9 20:17 | 显示全部楼层
Aemulus: 'Where miracles happen all the time'
Karamjit SinghApr 12, 2013
  • Penang company claims to build best RF Front End testers in the world
  • Combination of luck, sheer determination and zero tolerance for office politics
NG Sang Beng professes to be surprised at the success Aemulus Sdn Bhd has had in the testing space of the semiconductor world. “It is very rare to find small companies like us in a space dominated by big players,” he says of the company he launched in 2005.

Most small companies do not last beyond three years, with many fading away and closing down, while others may be acquired by the larger players.

Hardly any make it to become medium-sized companies like Aemulus, which is into its eighth year of operations. “But we are still considered a new company as our competitors have been around for about 40 years,” Ng says.

He attributes the success to a combination of luck, sheer determination to succeed and realizing the importance of creating the right environment, where office politics in particular is totally not tolerated. “A colleague shared with me the other day that the only thing he is not learning at Aemulus is office politics,” says Ng, visibly pleased.

Determination came in handy especially when neither Ng nor any of his start-up team had any tester background. His young team had less than two years’ experience when he hired them from his ex-employer Alterra where Ng was a manager.

“But somehow we just kept at it until we produced a product that was the best in the world,” he says unabashed. This keeping at it included using Google to source for information on RF (radio frequency).

Testing in the semiconductor space is a highly intensive field, with testers having to remain constantly ahead of technology trends. For instance, all those phones which promise 4G speeds on Long Term Evolution (LTE) networks? Testers have to get in very early into the development cycle to ensure that the chips that sit in the phones and perform all the complex, behind the scenes tasks, are up to delivering the promise shouted by marketing.

And here’s a vivid picture of just how tough this space is: China just counts two companies that are in this space. “It is inconceivable that there are only two testers in China with no spawning of copy-cats, but that just shows you how tough this space is,” says Ng.

That was also why his friends questioned his sanity. “They said I was crazy to want to get into the testing space as it was very challenging. Plus, I had a customer who wanted a product in six months, but they said it takes up to two years to build a tester,” Ng recalls.

But build it they did and since then, Ng often urges his colleagues to think out of the box, to work closely as a team and not be afraid to fail because it is this combination that creates the environment in which “miracles happen all the time,” which is an unofficial credo of the company.

Surprisingly, the company has been entirely funded by cash-flow plus the early start-up capital put in by the founders. But in 2010 they finally took some money from venture capital firm Teak Capital run by Chok Kwee Bee.

Ng explains that he has known Chok since 2005 when he first came out, and she has been regularly spending two hours a month offering him guidance and strategic counsel.

Having seen the growth of the company, which now averages 60% a year, she decided to come in in 2010, and even though Ng acknowledges that Aemulus did not really need the money, he did it partly in appreciation of the time she had invested to guide him.

“But she has added a lot of value in us since then, ensuring we act like a listed company with full transparency and processes in place,” he says, declining to talk about any potential listing timeline nor sharing any revenue figures.

A niche within a niche

In the US$5-billion Automatic Test Equipment (ATE) market, Aemulus plays in a niche within a niche. The ATE market consists of memory, digital, mixed signal, SOC or system-on-a-chip and analog processors.

Aemulus plays in the US$300-million valued analog niche, and within that niche, it plays in a space called RF Front End devices. To be even more precise, it tests integrated circuit (IC) chips that go into wireless cellular devices.

Yes, think smartphones, think tablets. There are also new products coming out that are in other areas of the analog world.

If Aemulus is at the leading edge of what it does, that is down to the technical excellence of the engineers it has, with Ng very proud of the fact that it is an entirely locally educated team. “Aemulus is living proof that Malaysian universities do produce good engineers,” he says.

The engineers sharpen their edge at Aemulus in record time too. Ng claims that they will learn in one year at Aemulus what takes their peers at global companies take three to five years.

“And that is actually a problem for us,” he says. Much to his chagrin, Aemulus regularly loses staff to the multinational corporations which have caught on that it is an environment that breeds very good engineers. This is a serious problem for him and he has personally brought it up with Penang Chief Minister Lim Guan Eng.

“The state government keeps pushing for multinationals to come in, expecting they will transfer technology to us, but they actually take away our technology when they come in and start pinching staff from local companies – this prevents us from growing as we keep losing our best people,” claims Ng.

The pressure is thus on Ng to keep hiring good engineers. But good engineers have options and a visit to Aemulus’ office in a row of four-storey shop offices in Penang is not exactly inspiring, this writer observed.

Ng handily agrees but says that the humble beginnings of Aemulus have served to inspire some of the young graduates he interviews to look beyond the creature comforts and staff facilities that are missing at Aemulus, and appreciate the strong collaborative culture that has enabled the company to punch above its weight.

“They realize we are different and are not your typical local company,” he says.

Often times Ng challenges the young kids who sit across from him to try and get at what really motivates them. He once threw a résumé across the table, hurling an expletive at the young engineer who was looking for his third job in two years.

“It is very hard for us to survive, but we do produce the best testers in the world here. But we cannot afford any redundancy and if you just want to play around, go join an MNC.” Ng challenged the young engineer to get serious and be part of the team that is building the best testers in the world.

This direct approach, when needed, according to Ng, helps open up the conversation to get real with the true motivations of the interviewees coming out. Human resource professionals may have something to say about this approach, but it works for him.

With a headcount of 50, he wants to expand but knows he has to hire right.

Fortunately, with Aemulus now having a reputation as a company that has built a world-class product with great engineers, Ng says the task of hiring has become easier – but the occasional résumé-throwing still comes in handy.

- See more at: ... thash.3LHskDsP.dpuf

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发表于 2015-3-9 20:22 | 显示全部楼层
Digerati50: Infusing his people with belief
PUBLISHED: OCTOBER 13, 2014 09:02 AM

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Young engineer Ng Sang Beng doesn't tolerate office politics. — DNA picOCTOBER 13 — For an island that is known as the ‘Silicon Valley of the East,’ Penang has produced a painfully small number of home-grown entrepreneurs playing in the semiconductor space.

You can count Ng Sang Beng as one of the brave few to have stepped out of the comfort zone of working with a multinational to carve his own path, which he did in 2005.

Mind you, the young engineer was not inspired to create a dent in the universe when he left, but rather just had had enough of office politics, which he finds totally abhorrent. This is why he has built a culture at Aemulus Sdn Bhd where office politics is not tolerated.

An anecdote that he likes to share is of a conversation he had with a colleague who said the only thing he was not learning at Aemulus was office politics.

The right culture, along with luck and sheer determination to succeed, are the factors that Sang Beng ticks as underpinning his success thus far in building Aemulus into a company that he claims “builds the world’s best Radio Frequency (RF) front-end testers.”

Luck came into the picture in the form of a customer who asked if Sang Beng could build him a tester in six months. Even though at that time Aemulus did not have this skill set, Sang Beng brashly said it could.

Determination came in the form of doing what it took and putting in crazy hours to deliver a product that usually takes two years. “Friends back then said I was crazy but we managed to prove them wrong,” he says. This was in 2006.

Testing in the semiconductor space is a highly intensive and specialised field that requires one to remain constantly ahead of technology trends. Even China, with the resources it has at its disposal, only has two such home-grown companies.

For instance, all those 4G smartphones which promise blazing data speeds? Testers have to get in very early into the development cycle to ensure the chips that sit in the phones perform all the complex behind-the-scenes tasks, and deliver the promise shouted by marketing.

Having been an entrepreneur for eight years now, Sang Beng is still “definitely hungry to grow,” he says. And while he admits to sometimes slipping into micro-managing, he finds the most joy in nurturing the talented engineers he has into becoming world-class engineers.

Aemulus revenue for 2013 did not hit the 10 per cent growth projected, but this is also down to investments it made into research and development (R&D) to come up with two new products.

“We have launched those two products and this was an important target to achieve as in a challenging market, it is important to continue to stay competitive with products that offer better technology, performance and features,” he says.

Typically, 30 per cent of its annual budget goes into R&D. “It is the key success factor to any product we develop here,” he adds.

For Sang Beng, the toughest part of being an entrepreneur is trying to convince his people that their future goals can be achieved through Aemulus.

“I get all kinds of reasons from them why the big plans we have are difficult to achieve,” he says, quoting lyrics from a Miley Cyrus song:

I can almost see it,

That dream I am dreaming,

But there’s a voice inside my head saying,

You’ll never reach it.

Describing their “frequency” as being different, he knows that his challenge is to convince his people that they can achieve their goals by Aemulus achieving its goals.

This, more than any R&D breakthroughs he makes, will determine where Aemulus is in the future. — Digital News Asia

- See more at: ... thash.l5KHbqyC.dpuf

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发表于 2015-3-9 20:25 | 显示全部楼层
Aemulus: New project to boost exports

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KUALA LUMPUR: Aemulus Corp Sdn Bhd, which received a grant for quality projects from the Malaysian Investment Development Authority (Mida), is banking on its new RM10.98 million project to enhance its export portfolio to more than 50 per cent by 2016.
Its finance director Chin Wah Ng said the semiconductor tester manufacturer exports 40 per cent of its products to six countries, with the United States and China being its major markets.
"We want to capitalise on the growing number of smartphones globally. That is why it is important for us to enhance our overseas markets," he told a media briefing here recently.
"We believe the new product that we are developing now will help boost our market share globally ... which is about three per cent. Although small, the value is still significant for us," he added.
The company's two biggest global competitors are US-based LTX-Credence Corp and National Instrument Corp.
Established in 2004, Aemulus Corp designs the semiconductor automated test equipment (ATE), known as a semiconductor tester.
Ng said the company has developed the fastest radio frequency (RF) semiconductor tester in the market, which is widely applied in the production of advanced radio frequency integrated circuit for various electronic devices.
Through the quality projects grant by Mida, the company is now undertaking core research and development (R&D) activities to design and develop the next RF semiconductor tester.
"The new product is deemed to eclipse the existing RF semiconductor tester as the fastest ATE in the market segment," he said.
"Mida is funding 50 per cent of the project's total cost while the remaining will be borne by the company," he said, adding that the project is expected to be completed early next year.

Read more: Aemulus: New project to boost exports - Nation - New Straits Times

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发表于 2015-3-9 20:28 | 显示全部楼层

[size=0.75em]Thursday February 5, 2015 12:00:00 AM
Maker of equipment for semiconductor industry finds success
[size=0.75em]BY JOY LEE

Sometimes an obstacle can be a catalyst for an successful venture rather than a stumbling block.
Ng Sang Beng, the founder and chief executive officer of Aemulus Corp Sdn Bhd, will attest that success can come with a lot of perseverance.
Aemulus Corp designs what are called testers for semiconductor devices.
Today, the company is at the top of its game in the testing field, even though it did not have an easy start.
Ng started out in a promising career with the Penang-based operations of Altera Corp, a Silicon Valley manufacturer of programmable logicdevices. The company gave Ng ample room to be creative and innovative. As a result, he thrived and rose up the ranks quickly.

[size=0.875em]Testing testers:A worker checking out the components for the Amoeba 400 Series Pxle Test Modules at Aemulus' facility in Penang.

However, a change in management soon put the brakes on Ng’s career.
“My American boss went back home and was replaced by a local manager. After that, there was no room for creativity. My new manager basically told me not to be funny and to just do as instructed and nothing more. There was a lot of politicking and infighting. It was bad,” he said.
The new environment clearly did not suit him and when things came to a head, Ng called it quits at Altera.
His immediate plan was to start his own company with a few ex-colleagues but he had no concrete plans.
Ng remembers all too well that period of uncertainty and has shared the story many times over.
After he left Altera, he spent the next six months writing business proposals and knocking on doors to raise funds for his new company. He was on his own as his partners did not want to leave their jobs without a guaranteed business.
Additionally, his wife was expecting at that time and Ng, then in his mid-20s, was not making an income.

[size=0.875em]Not resting on laurels:Despite having achieved a degree of successm the company is looking to expand its offerings.

To top it all off, Ng got a call from his brother one day inquiring on his progress with the new company. His brother then proceeded to remind him that he was going to be a father soon and should be out looking for a real job rather than chasing a business that was non-existent. But Ng was adamant.
He said to his brother, “Let me ask you a question. At which point does my commitment lessen? When my wife delivers? When the baby goes to kindergarten, to school or to university? When will my burden be the smallest? It’s now. So I will continue to be persistent about this.”
Finally, Ng managed to convince a customer to give him his first purchase order for a semiconductor tester without presenting an actual product. With the order in hand, Ng formed Aemulus in 2004 and gathered his ex-colleagues to help him build the product.
Ng and his team were given six months to deliver what was, figuratively, a tall order. According to Ng it would usually take a team of 20 experienced engineers two years to build a tester.
Ng’s team, on the other hand, had no idea where to start and were designing it from scratch.

[size=0.875em]Modern widgets:A file image of semiconductor devices Aemulus' products are used to test devices such as the ones pictures above.

As the saying goes, when it rains, it pours — Ng’s six months of uncertainty prior to setting up the company was immediately followed by six months of slogging. Yet, Ng had to continue selling the big dream to his colleagues to keep them going.
“We worked on weekends and early into the morning almost every day. It was awful. I had no life. And it was a lonely journey because no one believed in my vision as much as I did, but I had to keep leading the way. And no one believed we could do it,” he says.
Aemulus miraculously delivered its tester six months later.
The team got it right the first time around and produced the right architecture for its product, which has allowed them to keep building on it till today.
In fact, Aemulus’ testers are considered some of the best in the market, being among the fastest and most cost-efficient. These days the Penang-based company is going head to head with giants such as US-based National Instruments Corporation. Aemulus currently derives some 60% of its revenue from exports.
The company’s growth has been tremendous over the years and Ng attributes that to the creative environment that he tries to maintain at the company.
“We eliminated the three great enemies of creativity: the fear of making mistakes, the stress of comparing yourself with your colleagues, and office politics. When we review someone’s performance, we compare them with what they achieved in the previous year and there needs to be growth. So you don’t have to worry about what your colleagues are saying or how they performed,” he said.
Although the company was growing just fine, by 2011, Ng noted that it was time to look into developing new products as it should not continue to rely on just its core customised products.

[size=0.875em]Investing in R&D: The company invested heavily in R&D in 2011.The results of the investment have paid of handsomely, with revenue for last year almost doubling.

In 2011, when Aemulus was already generating sales worth RM13mil, Ng ploughed 30% of it back into research and development. It was another tough call as investors were looking for an exit plan instead of new products.
Ng’s decision paid off handsomely as revenue nearly doubled to RM23mil last year.
“It was another two years of hard work trying to develop something new.
“I slept on average about four hours a day. I was having a hard time trying to divide time between the business and my family,” admitted the father of three.
Last year, Ng was chosen by the Malaysian arm of global entrepreneurship development organisation Endeavor as one of its high-impact entrepreneurs, which gave him the opportunity to be mentored by successful entrepreneurs like Afzal Abdul Rahim, chief executive officer of Time dotCom Bhd, and access to a global network of entrepreneurs.
What little time that Ng had with Afzal helped push him to prioritise responsibilities in order to keep growing.
“I had a chat with my wife and that helped take away the burden of having to try so hard to be there for everyone. So I could focus on building the company.
“And being mentored has certainly helped change the way I see things. Sometimes I would come up with elaborate plans that would be shot down in an instant by Afzal. Being part of Endeavour has helped me a lot and I take every opportunity to ask questions,” he said.
Aemulus is currently looking at various fundraising options to grow its R&D to add more products to itslineup.
“We are quite known in the field and our competitors are looking at us. So we have to keep coming up with new products fast to beat the competition,” Ng said.
Given a choice, Ng said he would likely not repeat his whole entrepreneurial journey.
It was certainly a long and hard walk, but fortunately for Ng, perseverance did indeed pay off.

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发表于 2015-3-9 21:05 | 显示全部楼层

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发表于 2015-3-10 07:43 | 显示全部楼层
Aemulus to list on ACE Market
Posted on 10 March 2015 - 05:38am
PETALING JAYA: Aemulus Holdings Bhd is looking to list on the ACE Market of Bursa Malaysia and will use the proceeds from its proposed initial public offering (IPO) for research and development (R&D) expenditure and working capital.

In a draft prospectus exposure on the Securities Comission website, the semiconductor tester firm said the fund raised will also used to purchase property, plant and equipment as well for marketing, branding and promotion.

Aemulus' IPO involves the public issue of 87.79 million new shares, of which 21.94 million shares for Malaysian public, 13.17 million for eligible directors, employees and business associates and 52.68 million for private placement.

There will also be an offer-for-sale of 43.89 million shares via public placement.

Aemulus is involved in the design, engineering and development of automated test equipment (ATE). Most of its customers are large multinational semiconductor manufacturers and semiconductor test and assembly companies.

It is focusing on further export penetration into the USA and China, which are among the key markets for consumer electronics.

Its current export markets include Singapore, China, USA, South Korea, Philippines, Thailand, Germany and Hong Kong.

Aemulus plans to upgrade its existing products, introduce new ATE, set up a new tester research laboratory to intensify and enhance R&D activities and expand its geographical presence.

Aemulus was co-founded by Yeoh Chee Keong and Ng Sang Beng, whereby the latter will be the group CEO.

For FY14, its net profit surged by eight-fold to RM8.03 million versus RM1.0 million in FY13. The Malaysian market made up 36.81% of the group's topline for FY14.

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发表于 2015-3-10 20:56 | 显示全部楼层
2015-03-10 10:33      

目前為止,該公司的研發隊伍尚在發展於2013年啟用的Amoeba 7600的升級版,預料可在2016年推介此升級版產品。該公司也計劃在2015年開始為Amoeba 4200進行升級行動,預料也會在2016年完成。

Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

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发表于 2015-3-10 20:57 | 显示全部楼层
半导体测试公司 Aemulus拟上市创业板
财经新闻 财经  2015-03-10 12:06


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发表于 2015-8-13 06:34 | 显示全部楼层

財經12 Aug 2015 23:00

 (吉隆坡12日訊)半導體業者明試控股有限公司(Aemulus Holdings)獲馬證交所批准,上市馬股創業板。

 明試控股主要業務為自動測試裝置(Automated Tester Equipment)的設計與開發。該公司董事兼總執行長伍尚明通過文告稱:“這是公司重要的里程碑,讓公司能將成長計劃帶至下一個階段。我們為此感到興奮,同時也迫不及待要履行上市公司的職責。”


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发表于 2015-8-13 07:11 | 显示全部楼层
Bursa 都没放。。

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发表于 2015-8-13 11:57 | 显示全部楼层
明试控股获准上市创业板 料发8779万新股 2015-08-13 11:42

(吉隆坡11日讯)半导体测试公司明试控股(Aemulus Holdings Berhad)获大马交易所批准,将在创业板挂牌上市,首次公开募股(IPO)料发售8779万股新股。
伍尚明表示,公司上市后能够直接进入资金市场,集团的财政将更加灵活,有利促进旗下半导体和自动测试设备(Automated Tester Equiptment,ATE)业务进一步增长。

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发表于 2015-8-13 18:32 | 显示全部楼层

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发表于 2015-8-14 21:54 | 显示全部楼层
明試控股創業板上市放行2015-08-14 18:16

(吉隆坡14日訊)核心業務為半導體測試的明試控股(Aemulus Holding Berhad)的上市計劃獲大馬交易所批准,即將在馬股創業板上市。



該公司主要為半導體組裝與測試(O S A T)業者提供自動測試設備(ATE)服務,包括設計及開發相關設備。該公司客戶群包括大馬、新加坡、中國、美國、韓國、菲律賓及德國的業者。( 星洲日報/財經)

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发表于 2015-8-16 22:15 | 显示全部楼层

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发表于 2015-8-19 22:02 | 显示全部楼层

(吉隆坡19日讯)筹备上市创业板的明试控股有限公司(Aemulus Holdings Berhad)今日与达证券签署包销协议。




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发表于 2015-8-20 12:23 | 显示全部楼层
达证券任明试上市包销商 2015-08-20 12:04

(吉隆坡19日讯)获批准挂牌于创业板的半导体测试公司明试控股(Aemulus Holdings),与达证券签署包销合约,以展开首次公开募股(IPO)。

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发表于 2015-8-20 17:30 | 显示全部楼层
明試控股簽包銷合約‧上市再邁前2015-08-20 16:50






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发表于 2015-8-25 21:42 | 显示全部楼层
每股售价28仙 明试控股915上市


(槟城26日讯)明试控股有限公司(Aemulus Holdings Berhad)将于9月15日,在大马交易所创业板挂牌,并公开发售每股面值10仙的8779万股新股,献价为每股28仙。










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发表于 2015-8-26 10:42 | 显示全部楼层

IPO Prospectus


                Please refer attachment below.            
                                    Notice of Electronic Prospectus.pdf                                 
56.4 kB                             
                                    Aemulus (Cover-pg139).pdf                                 
1.9 MB                             
                                    Aemulus (pg140-pg317).pdf                                 
1.8 MB                             

Announcement Info
Company Name                                                         AEMULUS HOLDINGS BERHAD                                         
Stock Name AEMULUS
Date Announced26 Aug 2015
CategoryDocument Submission
Reference NumberDCS-25082015-00029

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