Transfer of listing to Main Market a step forward for Unique Fire
PETALING JAYA: Unique Fire Holdings Bhd, a fire protection systems and safety equipment provider, has transferred its listing to the Main Market of Bursa Malaysia Securities.
The company's transition from Bursa Malaysia's ACE Market to the Main Market on Thursday comes less than three years after its initial public offering (IPO) in August 2022.
Executive director Datuk Marcus Liew Kang Leong expressed his pride in the company's achievement in transferring to the Main Market of Bursa Malaysia.
'The transfer of listing of the company marks a step forward in our journey since 1997, where my father founded the company and established ourselves as one of the leading providers of fire protection systems and safety equipment in Malaysia.
'We are humbled to receive such an overwhelming response from everyone around us throughout this significant journey. This is one of the most rewarding accomplishments for Unique Fire,' he said in a statement.
Liew said that since the company's IPO for its listing on the ACE Market in August 2022, Unique Fire has made strong strides in financial performance and operational growth.
Revenue rose from RM75.74 million in financial year 2022 (FY22) to RM104.68 million in FY24, with net profit increasing from RM5.64 million to RM8.13 million.
'We've expanded our production capacity by more than 200%, increased storage space by nearly 68%, and integrated a warehouse management system.
'Geographically, we've opened two new offices in Johor Bahru and Penang to enhance the company's market presence in both the northern and southern regions,' he said.
Liew said sustainability remains key, with rooftop solar photovolataic systems reducing utility costs, while workforce and product range continue to grow.
'These milestones reflect our readiness for the Bursa Malaysia's Main Market. This is a new chapter for us, and our journey is far from over.
'With years of industry experience, we will continue our ongoing efforts to expand our product range to cater to consumers' ever-changing needs.
'We are excited for what lies ahead, and Unique Fire is confident in our proven ability to consistently build a solid foundation that supports our continued growth,' Liew said.
Unique Fire is primarily involved in the assembly, manufacture and distribution of active fire protection systems, equipment and accessories for built environments, such as fire suppression systems, fire extinguishers, fire hose reels, fire hoses, fire alarms and detection devices.
Unique Fire also manufactures and distributes custom graphics for fire extinguishers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
4 hours ago
- The Sun
Transfer of listing to Main Market a step forward for Unique Fire
PETALING JAYA: Unique Fire Holdings Bhd, a fire protection systems and safety equipment provider, has transferred its listing to the Main Market of Bursa Malaysia Securities. The company's transition from Bursa Malaysia's ACE Market to the Main Market on Thursday comes less than three years after its initial public offering (IPO) in August 2022. Executive director Datuk Marcus Liew Kang Leong expressed his pride in the company's achievement in transferring to the Main Market of Bursa Malaysia. 'The transfer of listing of the company marks a step forward in our journey since 1997, where my father founded the company and established ourselves as one of the leading providers of fire protection systems and safety equipment in Malaysia. 'We are humbled to receive such an overwhelming response from everyone around us throughout this significant journey. This is one of the most rewarding accomplishments for Unique Fire,' he said in a statement. Liew said that since the company's IPO for its listing on the ACE Market in August 2022, Unique Fire has made strong strides in financial performance and operational growth. Revenue rose from RM75.74 million in financial year 2022 (FY22) to RM104.68 million in FY24, with net profit increasing from RM5.64 million to RM8.13 million. 'We've expanded our production capacity by more than 200%, increased storage space by nearly 68%, and integrated a warehouse management system. 'Geographically, we've opened two new offices in Johor Bahru and Penang to enhance the company's market presence in both the northern and southern regions,' he said. Liew said sustainability remains key, with rooftop solar photovolataic systems reducing utility costs, while workforce and product range continue to grow. 'These milestones reflect our readiness for the Bursa Malaysia's Main Market. This is a new chapter for us, and our journey is far from over. 'With years of industry experience, we will continue our ongoing efforts to expand our product range to cater to consumers' ever-changing needs. 'We are excited for what lies ahead, and Unique Fire is confident in our proven ability to consistently build a solid foundation that supports our continued growth,' Liew said. Unique Fire is primarily involved in the assembly, manufacture and distribution of active fire protection systems, equipment and accessories for built environments, such as fire suppression systems, fire extinguishers, fire hose reels, fire hoses, fire alarms and detection devices. Unique Fire also manufactures and distributes custom graphics for fire extinguishers.
The Star
21 hours ago
- The Star
Pan Merchant maintains plans for global growth
Pan Merchant Bhd executive director Wong Nyeon Thiat. KUALA LUMPUR: Despite ongoing geopolitical tensions, Pan Merchant Bhd, a provider of solid-liquid filtration solutions, says its international expansion plans remain on track, particularly in the US and European markets, as its core business remains stable and resilient. The company's executive director Wong Nyeon Thiat said the company does not see any significant impact from the uncertainty as the business has remained consistently stable. 'The other industries that we are looking at are the renewable energies, where used cooking oil or used oil is refined for further processing into sustainable aviation fuel. We see potential growth in these areas. 'In Europe and the United States, this industry is a growing because it is very much policy-regulated. With countries adopting all renewable energy, a lot of these projects are coming on stream again,' Wong told a press conference in conjunction with its listing ceremony yesterday. At 9am, the company made its debut on the ACE Market at 23.5 sen, a 3.5 sen discount over its initial public offering price of 27 sen, with 187,600 shares traded. Various factors, including the conflicts, policy uncertainty, and tariffs affected the opening price, Wong said. 'But we believe the market will soon recognise Pan Merchant's long-term potential and this will be reflected in our share price,' she said. On the effects of US tariff on the company, managing director Wong Voon Ten said the impact so far has been insignificant because most of its revenue is from Malaysia. 'We typically compete with European peers. So the net effect is only about 4%, which is very manageable for us, especially since we enjoy strong margins on our products entering the US market. 'We produce quality equipment at competitive Malaysian and Asian price levels, which gives us a healthy margin in the United States,' he said. The company said, as of May 6, its order book was worth RM69.6mil, comprising orders for filtration equipment, replacement parts, and steel works, which are expected to be fulfilled within the next 12 months. Wong said the order book comprises three segments, edible oil, sustainable fuel, and water, with the company planning to grow other sectors, with a particular focus on water as its main area of expansion. 'Over the next one or two quarters, we are looking at several promising projects, both locally and across Asia Pacific. We are moving into mining as well, and one recent initiative is our participation in mining exhibitions, such as in Kazakhstan, where we see strong potential,' he added. The company believes mining activity will continue to grow in Central Asia, while Kazakhstan, Australia, and Indonesia already have significant mining operations. It is making efforts to enter and expand in these markets. — Bernama
The Sun
a day ago
- The Sun
Pan Merchant sees opportunities in wastewater treatment, sustainable fuel sectors
PETALING JAYA: ACE Market newcomer Pan Merchant Bhd, a provider of solid-liquid filtration solutions, is prioritising emerging industries such as wastewater treatment and sustainable fuel to drive business growth and expand untapped markets. Managing director Wong Voon Ten said the company sees rising demand for sustainable fuel solutions from major energy players, driven by the global push towards decarbonisation and cleaner energy sources. 'In Malaysia and across the Asia-Pacific region, we also see significant opportunities in water treatment projects, especially as governments and water service providers continue to increase capital expenditure to upgrade water infrastructure. 'On top of that, we are actively tendering for projects to sustain our earnings growth. 'Currently, our tender book has grown to a substantial level, with more than half derived from the potable water and wastewater treatment industry, while the remainder comprises projects from edible oil, sustainable fuel, and other industries,' he said at the company's listing ceremony on Bursa Malaysia in Kuala Lumpur today. Wong said the company remains committed to its core strength in the edible oil industry. 'As a trusted and irreplaceable partner to our end-users, we are recognised for our consistent quality and reliability, and we will continue to play a vital role in supporting refineries and processing operations. We are also focused on expanding our presence in strategic regions where edible oil production is critical,' he added. Wong emphasised the significant potential and growing demand for solid-liquid filtration solutions in the water treatment and sustainable fuel industries, expressing confidence in the group's ability to secure projects in such industries, backed by its 38-year track record of product quality and reliability. As of April 30, the group's potential project pipeline spans key industries, with the largest portion coming from the potable water and wastewater treatment segment, followed by projects in edible oil, sustainable fuel, mining, food processing, and other industrial segments. Pan Merchant's share price opened at 23.5 sen compared to the initial price offering (IPO) price of 27 sen per share. It closed at 23 sen, 4 sen or 14.8% below the IPO price, on 5.576 million shares traded. The company's IPO entailed a public issue of 232.2 million new shares and an 18 million offer-for-sale shares, at an issue price of 27 sen per share, representing 27.3% of the enlarged share capital. The overall value of the IPO is RM67.6 million, with Pan Merchant receiving RM62.7 million and the offeror receiving the remaining RM4.9 million. Out of the total proceeds of RM62.7 million, RM28 million will be used for capital expenditure on manufacturing plants, including the acquisition of machinery, equipment, and tools, as well as the renovation of its manufacturing facilities. A further RM7 million will be allocated for product development, and the remaining RM27.7 million for business expansion, working capital, and defraying of listing expenses. Pan Merchant plans to use part of its IPO proceeds to acquire advanced computer numerical control and robotic welding machines, which are expected to enhance production efficiency, to meet the growing demand for filtration equipment and replacement parts both locally and internationally. As of May 6, the group's order book stood at RM69.6 million, comprising orders for filtration equipment, replacement parts, and steel works. The order book is expected to be fulfilled within the next 12 months. Affin Hwang Investment Bank Bhd serves as the principal adviser, sponsor, sole placement agent, and sole underwriter for Pan Merchant's IPO exercise.
