Precision engineering firm UMS Integration Limited has successfully launched its secondary listing on the Main Market of Bursa Malaysia Securities, marking a significant milestone as the first Singapore-listed company to do so. The debut, which took place on 1 August, saw UMS shares open at RM5.15, equating to a market capitalisation of RM3.66 billion (S$1.09 billion).
The company, which remains primarily listed on the Singapore Exchange, aims to broaden its investor base and enhance trading liquidity through this strategic move. UMS CEO Luong Andy highlighted the benefits of the secondary listing, stating, “Our Secondary Listing here allows us to broaden our investor base, improve trading liquidity through separate trading platforms, and provide flexibility to access different equity markets to raise funds in the future.”
UMS, known for its high-precision components in the semiconductor industry, is looking to climb the semiconductor value chain by expanding its production of higher-value precision components. Luong expressed optimism about the company’s future, noting the opportunities in advanced packaging solutions.
The listing also reflects UMS’s strong performance, with its market capitalisation growing by nearly 50% since the start of the year. The company has been recognised in the Forbes Best under a Billion list and has received accolades such as the Centurion Club Award 2023.
UMS’s expansion into the Malaysian market is expected to unlock further value for shareholders and enhance the liquidity of its shares, as the company continues to strengthen its position as a comprehensive service provider for global chip companies.
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