Ray Tech share issuance bolsters QES Group strategy

PETALING JAYA: QES Group Bhd’s latest proposed share issuance to Ray Tech Singapore Pte Ltd (RTS), a subsidiary of China-based Unicomp Technology Group, is strategically compelling as the placement converts a commercial memorandum of understanding (MoU) into an equity- anchored strategic partnership with a leading X-ray semiconductor inspection equipment provider.

Unicomp is one of two Chinese equipment partners with whom QES had signed MoUs back in May 2026.

In a note to clients, Apex Research said Unicomp now has a direct financial incentive in QES’ manufacturing success, substantially de-risking the MoU-to-contract conversion and cementing technology access agreements.

QES’ proposed issuance of 83,276,260 new ordinary shares (10% of the existing share base) at 53 sen per share to RTS is targeted for completion in the third quarter of financial year 2026.