KUALA LUMPUR (Sept 8): Fire protection solutions maker Unique Fire Holdings Bhd (KL:UNIQUE) has formed a joint venture (JV) with Singapore-based wholesale trader Z10 Pte Ltd and Malaysian electrical components firm E&E Electrical Solutions Sdn Bhd for the sale of emergency lights and signage.

Under the joint venture, Unique Fire will use its industry connections, Z10 will handle manufacturing and quality checks, and E&E Electrical Solutions will manage operations, market growth, and licensing, the company said on Monday.

Z10 will hold a 51% stake in the JV, Unique Electronics Sdn Bhd, followed by E&E Electrical Solutions with 29% and Unique Fire with 20%. China-based light apparatus maker Ginkgo Electric (Zhejiang) Co Ltd has been appointed as the manufacturer of the emergency lights and signage.

Unique Fire executive director Datuk Marcus Liew Kang Leong said the JV represents an important step forward in the company’s strategy to broaden and complement its product offerings and strengthen its position in the fire safety and protection industry.

“By combining our expertise with that of Z10 and E&E Electrical Solutions, as well as the positive development in infrastructure and construction projects in Malaysia, we are confident in our ability to capture new opportunities and deliver sustainable value to our stakeholders,” he added.

Unique Fire manufactures and distributes fire protection solutions, including fire extinguishers, fire hose reels, fire hydrants, fire sprinkler systems, and fire detection and alarm systems.

Shares in Unique Fire ended 1.5 sen or 3.53% higher at 44 sen, valuing the company at RM173.95 million.