Emits inks underwriting deal ahead of Q4 2026 ACE Market listing
What's the deal? Antenna maker Emits Berhad has signed an underwriting agreement with Mercury SecuritiesDealroom has a profile for this one. Try Dealroom → for its initial public offering on Bursa MalaysiaDealroom has a profile for this one. Try Dealroom →'s ACE Market. The deal covers 35,158,000 shares available to the Malaysian public and under the Pink Form Allocation, with a listing expected in the fourth quarter of 2026.
What's the detail? The IPO comprises 93,754,000 new shares and 37,502,000 existing shares, representing 20% and 8% of Emits' enlarged share capital of 468,769,000 shares upon listing. Mercury Securities acts as principal adviser, sponsor, underwriter, and placement agent.
Who is Emits? Based in Bayan Lepas, Penang, the original equipment manufacturer provides end-to-end antenna services spanning design, production, assembly, and testing. Its customers are mainly listed corporations and multinationals, both local and foreign.
What's the endgame? Proceeds will fund working capital for new projects and new machinery for research and development, including a planned expansion into 5G base-station antennas.
What could go wrong? The underwriting agreement is a procedural step, not proof of full subscription. Pricing and investor demand remain to be tested through the prospectus and final subscription results.
The signal: Recent ACE Market debuts have been uneven — RedPlanetDealroom has a profile for this one. Try Dealroom →'s public tranche was oversubscribed 85 times, while NWE Resources' drew 2.82 times. Emits' listing adds to a pipeline where strong demand is far from guaranteed.
Read more: businesstoday.com.my
Image credit: Generated with Gemini
