CPE Technology Bhd (Ticker: CPETECH MK) is a Malaysian company specializing in precision machining and mechanical sub-assembly, including CNC Turning & Milling, Turn-Mill, and Finish processes. The firm focuses on engineering support services, catering to both local and international markets. CPE Technology Bhd is set to list on the Bursa Malaysia on December 7, 2023. The company is offering 234.96 million shares at a price of MYR 1.07 per share. The expected market capitalization at the offer is MYR 718.31 million (USD 153.86 million), with a total offer size of MYR 251.41 million (USD 53.85 million).

The proceeds from the IPO, amounting to RM179.58 million, are earmarked for various growth initiatives, including the construction of new plants, purchasing machinery and equipment, and acquiring raw materials like stainless steel and aluminium. Additionally, funds will be allocated to repay bank borrowings, enhance working capital, cover capital expenditures, and manage listing expenses. CPE Technology has reported a market share of 1.55% in Malaysia's engineering supporting industry as of 2022, with an annual revenue of RM145.35 million.