KUALA LUMPUR: UMS Integration Ltd made a positive start on its debut on Bursa Malaysia’s Main Market, becoming the first Singapore-listed company to achieve a secondary listing in Malaysia.
UMS Integration Ltd CEO Luong Andy (fifth from left), its chairman Datuk Phang Ah Tong (sixth from left), Deputy Finance Minister Lim Hui Ying (seventh from left) and the company’s board members, with executives from CGS International and TA Securities at its listing ceremony on Friday.
The stock opened at RM5.15, a 3% increase from its reference price of RM5. It peaked at RM5.39 and was trading at RM5.27 as of 9.15am, with over 1.1 million shares traded. At that price, the company’s market capitalisation stood at RM3.7 billion.
Unlike a typical IPO, the listing was done by way of introduction, meaning no new funds were raised. However, CEO Luong Andy made 10 million shares available for trading on Bursa Malaysia.
UMS Integration manufactures precision modules, components and sub-assemblies for the semiconductor, aerospace, and factory automation sectors. Luong said the listing opens up opportunities to expand the company’s investor base, improve stock liquidity, and access multiple capital markets for future fundraising.
He also expressed confidence in UMS Integration’s growth prospects, especially in advancing high-precision parts for semiconductor packaging.
For the first quarter of 2025, the group posted a net profit of S$10.1 million (RM33.28 million) on revenue of S$57.7 million, with most of its income coming from the semiconductor business. Aerospace contributed 11%, with the remainder from other segments.
The company’s balance sheet remains healthy, holding S$81.4 million in net cash (S$0.11 per share) as of end-March. It also paid a tax-exempt interim dividend of S$0.01 per share on July 24.
TA Securities served as the principal adviser, while CGS International acted as financial adviser for the listing.
