HOME-GROWN Unex Holdings Inc (pending a rename to “EvoAir Holdings Inc), an emerging green technology company is on course to raise US$40 mil (RM180 mil) for its business expansion in the run-up to a listing on the Nasdaq market in 4Q 2023.
Currently listed on the US OTC (over-the-counter) Markets, Unex has filed its Form 8K with the US Securities and Exchange Commission on Dec 21 last year announcing the closing of a series of transactions for the acquisition of the eco-friendly heating, ventilation and air-conditioning (HVAC) business undertaken by EvoAir International Ltd and its subsidiaries.
On Friday (Sept 2), the company appointed Network 1 Financial Securities Inc as lead managing underwriter and book runner for its offering in conjunction with its proposed application for uplisting on Nasdaq.
“A proposed Nasdaq uplisting is one part of our multi-faceted strategy to broaden our capital base and build our company into an international player in the HVAC and ESG (environmental, social and governance) space,” EvoAir Group’s group managing director and co-founder Kevin Chan pointed out.
“Ultimately, we want to play a vital role in enhancing people’s lifestyle through green intentions while advocating for protecting our planet Earth.”
EvoAir – which reputed itself as the world’s first eco-friendly air-conditioning system that not only cool the indoor environment but also emits cool and humid air to the external surroundings via its patented outdoor unit – has an assembly line in Kepong (Kuala Lumpur) while in China, it is operating out of a high-tech park in Guangzhou’s Shunde district.
“The R&D (research & development) took a total of 13 years. But the actual commercialisation of this product is only beginning this year (January 2022). We are selling very well. Shopping malls, developers, housings, factories, are already using our product,” the Malaysian Daily News portal quoted Chan as saying during the Network 1 signing ceremony.
EvoAir Group’s founder and CEO Dr Low Wai Koon reiterated the group’s mission to contribute to the earth amid the alarming global warming and climate change issues confronting the world’s 7.97 billion populace through green inventions.
Low began his journey 13 years ago to develop an eco-friendly air-conditioning system that contributes towards greener lifestyles while contributing positively towards the conservation of our Earth.
“We envision becoming an international player in the ESG and HVAC space, playing a vital role in enhancing people’s lifestyle through green intentions while advocating for protecting our planet Earth,” he projected.
“At EvoAir Group, everyone is not only a value creator of the company, but also an Earth ambassador.”
In other developments, Evo Air Marketing (M) Sdn Bhd, the marketing arm of the EvoAir Group has also inked a strategic partnership agreement with Mercurius Digital Sdn Bhd to establish a collaborative arrangement to formulate and implement value creation strategies for both companies. – Sept 6, 2022
