Malaysian High-Tech Firm To Be Listed On Aussie Stock Exchange Thursday

MELBOURNE, Sept 3 (Bernama) -- AdvanceTC Limited, a Malaysian premier company specialising in the design, development and commercialisation of high-tech mobile wireless computing and telecommunication devices, will be listed on the National Stock Exchange of Australia (NSX) Thursday. It will be witnessed by Advance TC Executive Chairman and Chief Executive Officer Loi Cheng Peng and other directors of the firm who have flown in from Malaysia. Originally based in Malaysia, and now becoming grounded in Australia, AdvanceTC has successfully transformed themselves into a sustainable growth company over the past seven years. The growth of mobile Internet has created a continuous need for wireless mobile devices that can connect to the Internet for communication, productivity and entertainment, and AdvanceTC has predicted this growth and is prepared to become the preeminent provider into this expanding market. NSX has been receiving unprecedented levels of inquiry from companies, big and small, from within Australia and globally. "NSX is attracting innovative companies from all around the world," NSX Chief Executive Emlyn Scott said in a statement. "In the last two months, we have listed a Malaysian nanotechnology business, Nanopac Innovation, a Chinese-funded Australian investment company, Invest Nexus, a US merchant payment services company, Community Merchant Solutions, and now Malaysia's AdvanceTC Limited, a leading developer of tablet, laptop and micro computers," he said. Market capitalisations of those companies range from less than A$2 million to A$165 million. (US$1.85 to US$153.15 million) Malaysian-based NSX Nominated Adviser Southasia Advisory, is acting for AdvanceTC. Southasia Advisory became NSX's first overseas nominated adviser in 2013. NSX sees Malaysia as an ideal springboard for its growth in the South East Asian region. "Malaysia is a respected trading partner of Australia. Business opportunities between our two countries abound and many Malaysian companies are considering the benefits of listing on NSX," Scott said. NSX's business model of providing support and education to companies considering listing is unique and much appreciated, especially by companies with limited exposure to Australian capital markets. "We can introduce companies to providers of all the services they will need for a successful listing. "Lawyers, accountants, auditors, corporate advisers, investor relations experts and registry services providers can all be introduced via the Exchange," Scott said. NSX has 24 stockbrokers, 32 nominated advisers and more than 100 listed securities while more than A$3 billion has been raised by companies on NSX. NSX is the home to listings from Australia, Malaysia, United States, United Kingdom, New Zealand, Hong Kong, Singapore and China. -- BERNAMA