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Innotek Limited ( (SG:M14) ) has provided an announcement.
InnoTek has raised S$16 million via a fully subscribed private placement and opened a new manufacturing facility in Melaka, Malaysia, as it accelerates expansion in Southeast Asia and reallocates capital from non-core, loss-making assets. The group is also enlarging its Thai operations, refreshing its board, and pursuing new projects with global tech brands to deepen customer diversification.
Despite an 11.8% year-on-year revenue decline to S$209.9 million and margin pressure from weaker automotive, TV/display and office automation demand amid tariffs and EV transition, AI server and new energy products grew to about 31% of sales. Securing recommended vendor status with Nvidia and IEIT Systems has strengthened InnoTek’s positioning in the fast-growing AI server supply chain, with management expecting these segments to become the main revenue drivers over the next three years.
More about Innotek Limited
InnoTek Limited is a Singapore-based precision metal components manufacturer serving the automotive, office automation, TV/display and server industries. The group is increasingly focused on high-value segments such as AI servers and new energy applications, expanding its manufacturing footprint across China and Southeast Asia to support global OEM and Tier-1 customers.
Average Trading Volume: 2,483,744
Technical Sentiment Signal: Buy
Current Market Cap: S$224.4M
For detailed information about M14 stock, go to TipRanks’ Stock Analysis page.