663,300,000 Ordinary Shares of Cape EMS Berhad are subject to a Lock-Up Agreement Ending on 10-SEP-2023.
September 09, 2023
Share
663,300,000 Ordinary Shares of Cape EMS Berhad are subject to a Lock-Up Agreement Ending on 10-SEP-2023. These Ordinary Shares will be under lockup for 195 days starting from 27-FEB-2023 to 10-SEP-2023.
Details:
In accordance with Paragraph 5.29(a), Part II of the Equity Guidelines, Tee Kim Chin and Tee Kim Yok will not be allowed to sell, transfer or assign their shareholdings in the Company involving 502,050,000 Shares, representing 54.4% of the enlarged issued Shares as at the date of the Listing for a period of 6 months from the date of the Listing. In addition, Fortress and AOF have voluntarily undertaken to not sell, transfer or assign their entire shareholdings in the Company involving 161,250,000 Shares, representing 17.5% of the enlarged issued Shares as at the date of the Listing for a period of 6 months from the date of the Listing.
Cape EMS Bhd is an investment holding company engaged in providing electronics manufacturing services (EMS). Its segments include EMS and other related supporting goods and services (EMS) and Die casting and machining (DCM). EMS segment offers a comprehensive range of contract manufacturing services. It offers EMS for both industrial and consumer electronic products. It is engaged in sourcing and procuring parts for production, assembly, testing, packaging, and direct shipment fulfillment. It serves various industries, such as wireless communication devices, smart utility data collection, LED lighting, pos terminal, EV chargers, life science equipment, household appliances and electronic cigarettes. It also specializes in precision aluminum die casting to create products based on customerâs design specifications. It serves its customers in regions across, including the United States, United Kingdom, Sweden, Singapore, Malaysia, Hong Kong, Japan, China, Taiwan and India.
CAPE EMS 
