#1 Business Model
Yew Lee earns income from manufacturing industrial brushes and trades a wide range of industrial hardware & machinery parts in Malaysia. Yew Lee had raised its manufacturing lines from 11 in 2018 to 13 in 2021 and hence, had raised the company’s production capacity, from 1.9 billion pieces of industrial brushes to a total of 2.8 billion pieces of industrial brushes per year. Yew Lee has maintained its production utilization rate at 80%-90% over the 4-year period of 2018-2021....On 17 May 2022, Yew Lee Pacific Group Bhd (Yew Lee) issued its IPO Prospectus (Part 1, Part 2 and Part 3) on Bursa Malaysia and offered the public to subscribe its shares at RM 0.28 a share.
Upon IPO listing, Yew Lee would raise the amount of market capitalisation to RM 149.1 million. The closing date of its subscription is set to be on 25 May 2022.
Before deciding an investment into it, you can read this article where I had summarized 8 key things to know about Yew Lee.