KUALA LUMPUR (March 2): UMS Integration Ltd (KL:UMSINT) has acquired the remaining 30% stake in Starke Singapore Pte Ltd for S$1.14 million (RM3.53 million), taking full ownership of the aluminium alloy supplier.

The deal values Starke at S$8.22 million (RM25.39 million), said Singapore-listed UMS which launched a secondary listing on Bursa Malaysia about seven months ago.

UMS, which had acquired the earlier 70% stake in Starke in August 2018 for S$7.1 million, bought the remaining stake from Luah Kian Tiong and Yue Chee San.

UMS said the purchase price was agreed on a willing-buyer willing-seller basis, taking into account Starke’s financial performance, business prospects and net tangible assets. Based on Starke’s audited accounts as at Dec 31, 2025, no adjustment to the consideration was required.

The acquisition is not expected to have a material impact on UMS’ net tangible assets or earnings per share for the financial year ending Dec 31, 2026, the group added.

Starke, which supplies aluminium alloy products mainly to the precision engineering industry, is already an existing supplier to UMS. The group said full ownership will enable it to streamline Starke’s operations and better manage overhead costs.

Shares of UMS Integration on Bursa Malaysia rose 23 sen, or 5.3%, to close at RM4.60 on Monday, valuing the group at RM4.09 billion. Since its debut on Aug 1 last year the stock has gained 4.5%.