We congratulate our client Cape EMS Berhad for its IPO approval and Underwriting Agreement signing ceremony on 18 January 2023.
“Cape EMS Bhd, en route to list on the Main Market of Bursa Malaysia in the first quarter of 2023, has signed an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) and AmInvestment Bank Bhd for its initial public offering (IPO).
Cape EMS, formerly known as Cape EMS Manufacturing (M) Bhd, is involved in electronics manufacturing services (EMS), aluminium die cast manufacturing and supply of electronic products. The group said it serves customers from both industrial and consumer sectors mainly from the US, Europe and Asia Pacific markets.
In a statement on Wednesday (Jan 18), Cape EMS said the IPO exercise entails a public issue of 173 million new shares and an offer for sale of 86.7 million existing shares. The enlarged issued share capital will be 923 million shares upon listing.”
This is our second IPO for 2023. The IPO work was carried out by our JLPW IPO team led by Senior Partner Jeff Leong and partner Joy Lim.
Earlier this month, another JLPW IPO client DS Sigma Holdings Berhad, was successfully listed on ACE Market of Bursa Malaysia.
JLPW is an experienced IPO legal adviser with our senior partners having acted in numerous IPOs in Malaysia, Singapore, Hong Kong, Taiwan, China, Germany, UK and US for 30 years. Our three senior partners and 4 other partners are actively advising on ongoing IPOs enroute to listing on Bursa Malaysia and other regional stock exchanges.
B-11-8, Level11, Megan Avenue II, Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia
I am the senior partner of Messrs Jeff Leong, Poon & Wong, Malaysia.
I am also serving with the Law Association For Asia And The Pacific (LAWASIA), the peak body for national bar associations and law societies in more than 40 jurisdictions in the Asia Pacific region as Chair of the Corporate, Securities & Investment Law and Co Chair of the Belt And Road Initiative Standing Committees.
I lead a Special Projects team, structure and run complex M&A deals, resolve critical problems faced by clients such as crisis management, regulatory investigations, shareholder fights and board tussles and advise founders, business owners and senior management on business transactions.
With numerous IPOs and M&A deals over 30 years, I am often consulted by clients in Shipping and Logistics, Technology and Digital Economy, Oil & Gas and other heavily regulated industries on complex, urgent and critical matters.
I have been included on Asia Business Law Journal’s A List of Malaysia’s Top 100 Lawyers and Legal 500’s Hall of Fame for Corporate and M&A for Malaysia.
I am an accredited Mediator of the Malaysian Mediation Centre, the International Commercial Mediation Centre For the Belt And Road Initiative, Benchmark Chambers International & Benchmark International Mediation Centre, Shenzhen Qianhai International Commercial Mediation Centre, CCPIT/CCOIC Hangzhou Mediation Centre and Hainan International Arbitration Court.
I founded JLPW in 1999 during the 1997 Asian Financial Crisis with 2 other founders. We were deep into corporate rescues and mergers of banks, insurance companies and stockbrokers to resuscitate the bleeding Malaysian economy, working on some of the major corporate rescues of the 1997 Asian Financial Crisis.
Affiliations with Deacons Graham & James 2001- 2012 and Dacheng (now Dentons China) 2012-2016 quickly followed. In 2012, we founded JLPW CROSSBORDER ASIA, a regional law firm network.
In JLPW, we developed the current due diligence system adopted and used by industry participants in capital markets transactions in 1999. I assisted the review of the 2020 Due Diligence Guide for Malaysia with investment bankers, accountants, capital market lawyers and other industry participants.
I currently lead our Japan Services Group, assisting Japanese companies venturing into Malaysia and South East Asia with market entry strategies, M&As and post merger integration advisory together with our Japanese speaking team.
I am also leading our China Services Group and regional JLPW Belt and Road Services Group assisting Chinese companies investing and undertaking Belt and Road projects in Malaysia and other ASEAN countries.
As leader, strategist, chief talent scout, builder and problem solver, I have initiated and developed various practice groups in JLPW and am now leading our Legal Tech initiatives to better support our clients in the new Digital Economy.
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