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Telegram美国群组(www.tg888.vip):Unex Holdings aims for Nasdaq listing

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A man walks past the Nasdaq MarketSite in New York's Times Square

PETALING JAYA: Green technology company Unex Holdings Inc is aiming to raise up to US$40mil (RM179.36mil) for its business expansion in the run-up to a listing on the Nasdaq market in the fourth quarter of 2023.

Unex is currently listed on the United States over-the-counter market and wants to revise listing statues after acquiring the heating, ventilation and air-conditioning (HVAC) business of EvoAir International Ltd in December 2021. EvoAir International is the parent company of the WKL Group which is involved in the research and development, manufacturing, marketing and distribution of its eco-friendly hybrid air-conditioning systems.

Pending approval from the United States regulator, Unex’s name will be changed to EvoAir Holdings Inc.

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EvoAir Group CEO Dr Low Wai Koon said the group’s green technology is timely in view of global warming and climate change issues.

Group managing director Kevin Chan added the EvoAir air-conditioner systems have seen encouraging sales in Malaysia since early this year. Chan explained its factories in Kepong, Kuala Lumpur and Foshan City, Guangdong province, China were set up last year, prior to product commercialisation in January 2022.

“Based on a single eight-hour shift, the factories can produce 2,500 to 3,000 units monthly. Some major property developers, shopping malls and factories are using our products,” said Chan after the group announced it had engaged Network 1 Financial Securities Inc as lead managing underwriter and book runner for its offering in conjunction with its proposed listing on Nasdaq.


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