KUALA LUMPUR (Aug 1): UMS Integration Ltd (KL:UMSINT), the first Singapore-listed company to undergo secondary listing in Malaysia, ended its first day of listing with a 10% or 50 sen increase to emerge as the top gainer on Bursa Malaysia on Friday.
The counter closed at RM5.50, versus its listing price of RM5 per share. It debuted at RM5.15.
Some 6.1 million shares changed hands, compared with the 10 million shares listed on the exchange by chief executive officer Luong Andy by way of introduction.
At its last close, the counter has a market capitalisation of RM3.9 billion. On the Singaporean Stock Exhange, UMS closed at S$1.53 (RM5.04).
The listing was done by way of introduction, instead of through the usual initial public offering, meaning no funds were raised for the company or its current shareholders.
UMS Integration manufactures modules, components, and sub-assemblies for manufacturers of semiconductor and aerospace equipment, as well as factory automation equipment.
Luong said in a statement that the debut marks a new chapter for UMS Integration, allowing it to broaden its investor base, improve liquidity and flexibility to access different equity markets for future fundraising.
He said that he was feeling optimistic about UMS Integration’s future, particularly its move to make more advanced, high-precision parts for semiconductor packaging.
In the first quarter of 2025, UMS Integration reported a net profit of S$10.1 million (RM33.28 million) on revenue of S$57.7 million. Most of the revenue came from the semiconductor segment while aerospace provided about 11% and other areas contributed the remainder.
UMS Integration noted its finances remain strong, with S$81.4 million in net cash, or S$0.11 per share, as at the end of March 2025.
The company also paid a first interim tax-exempt dividend of S$0.01 per share on July 24, 2025.
TA Securities is the principal adviser for the listing while CGS International is the financial adviser.
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