KUALA LUMPUR: Automated test equipment (ATE) designer Aemulus Holdings Bhd (Aemulus) which is enroute to list on the Ace Market of Bursa Malaysia is targeting to enter Japan and Taiwan within the next two years.
"We are targeting to raise RM25.58 million from the initial public offering (IPO) and are exploring new export markets like Japan and Taiwan," said chief executive officer Ng Sang Bee after the official launch of its prospectus here, this morning.
"We are already exporting to Singapore, China, South Korea, the Philippines, the US, Thailand, Germany and Hong Kong. We are confident of penetrating Japan and Taiwan within the next two years on the back of this IPO."
Ng also said that the company is targeting to increase its revenue contribution from exports which currently stands at some 60 per cent.
"We are looking to increase our exports contribution to the revenue beyond 60 per cent but it is too early yet to set a target," he said.
Aemulus is set to be listed on the Ace Market of Bursa Malaysia on September 15, this year.