Precision engineering specialist, UMS Integration Limited (“UMS”), has today issued its prospectus for the secondary listing of and quotation for the entire issued share capital of UMS on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) by way of introduction (“Secondary Listing”).
Headquartered in Singapore, UMS, through its subsidiaries (collectively known as the “Group”) is an integrated high-precision engineering and manufacturing solutions provider, offering complex precision machining, sheet metal fabrication, surface treatment, as well as sub-module and full-module assembly services, with a focus on serving high-tech industries such as semiconductor and aerospace. UMS’ clientele includes Fortune 500 companies as well as multinational companies listed on, among others, the New York Stock Exchange, NASDAQ, Singapore Exchange (“SGX”) and Euronext Paris.
Chief Executive Officer of UMS, Mr. Luong Andy (梁世光), said, “Our Secondary Listing on Bursa Securities represents a strategic advancement in our corporate journey, and we will be the first Singapore public company to have a Secondary Listing on the Main Market of Bursa Securities. Having evaluated several potential listing venues, we have concluded that Bursa Securities is the most strategic platform to broaden our investor base, potentially improve liquidity through separate trading platforms, and provide flexibility to access different equity markets to raise funds in the future.”
“This also enhances our visibility across Southeast Asia, which aligns with our key operational presence in Penang that has an aggregate built-up area of about 689,870 square feet. We believe our Secondary Listing on Bursa Securities will enhance our position as an integrated comprehensive service provider for global chip companies and support our long-term growth ambitions. I am very much looking forward to this significant milestone,” Mr. Luong added.
UMS is currently listed on the Mainboard of SGX with a market capitalisation of approximately S$970 million (equivalent to about RM3.2 billion). The Group recorded a revenue of S$242.1 million for the financial year ended 31 December 2024 (“FYE 2024”) while profit after tax (“PAT”) stood at S$40.6 million, translating into a PAT margin of 16.8%. It has consistently generated positive net operating cash flow for at least the past 10 fiscal years, and held a net cash position equivalent to S$0.11 per share as at 31 December 2024.
UMS has a dividend policy to declare dividends on a quarterly basis. Based on the prevailing share price in Singapore, UMS offers a dividend yield of approximately 4% based on the aggregate payout of S$0.052 for FYE 2024.
Mr. Luong concluded by saying, “Looking ahead, UMS will continue to expand our role across the semiconductor and aerospace value chains. In particular, within the semiconductor space, we see exciting opportunities in manufacturing high-precision components used in advanced packaging solutions, which play a vital role in enabling next-generation artificial intelligence and high-performance computing applications.”
The Secondary Listing will be undertaken by way of introduction and will not involve any issuance or offering of shares. UMS shares will be fully fungible, where shareholders will be able to transfer their shares between the Mainboard of SGX and the Main Market of Bursa Securities for trading.
Following the issuance of the prospectus, UMS is scheduled to be listed on the Main Market of Bursa Securities on 1 August 2025.
TA Securities Holdings Berhad is the Principal Adviser, while CGS International Securities Malaysia Sdn. Bhd. is the Financial Adviser for the Secondary Listing.
