UMS releases prospectus for Bursa secondary listing
UMS is currently listed on the Mainboard of the Singapore Exchange (SGX) with a market capitalisation of approximately S$970 million (equivalent to about RM3.2 billion).
The company said 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 Aug 1, 2025.
UMS chief executive officer Luong Andy said the company's secondary listing marks a strategic milestone in its corporate journey, making it the first Singapore public company to secure a secondary listing on the Main Market of Bursa Securities.
He said having evaluated several potential listing venues, the company has concluded that Bursa Securities is the most strategic platform to broaden its 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 (sqft).
"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," he said in a statement.
Headquartered in Singapore, UMS, through its subsidiaries, is an integrated high-precision engineering and manufacturing solutions provider, offering complex precision machining, sheet metal fabrication, and 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, SGX and Euronext Paris.
Looking ahead, Luong said UMS will continue to expand its 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," he noted.
For the financial year ended Dec 31, 2024 (FY24), UMS posted revenue of S$242.1 million and a profit after tax of S$40.6 million, with a margin of 16.8 per cent.
It has maintained positive net operating cash flow for at least 10 years and had net cash of S$0.11 per share as of end-2024.
UMS pays dividends quarterly and offered a yield of about four per cent for 2024, based on a total payout of S$0.052 and its current share price in Singapore.
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