InnoTek secures $30m SGX grant to fund investor outreach

The grant covers 50% co-funding of approved professional advisory costs.

InnoTek Limited has secured an Elevate Grant under Singapore Exchange’s $30m Value Unlock Programme to boost investor outreach with WeR1 Consultants Pte. Ltd.

The grant is one of two grant schemes under the programme, which provides 50% co-funding of approved professional advisory costs for eligible listed firms seeking to strengthen their investor relations, corporate strategy, and financial management capabilities.

The group said it intends to strengthen engagement with institutional investors, research analysts, and business media as it expands beyond traditional precision metal components manufacturing.

Its recent developments include securing approved-vendor status with NVIDIA Corporation for GPU server components. In April, InnoTek completed a $16m private placement to fund its expansion into the artificial intelligence and new-energy sectors.

InnoTek said that beyond its manufacturing facilities in China, it is also expanding its manufacturing footprint in Southeast Asia, including Thailand and Malaysia.

WeR1 Consultants, the group's investor relations partner since 2004, has been appointed as the service provider under the Elevate Grant.

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