Latest news with #UniqueFire
Borneo Post
10 hours ago
- Business
- Borneo Post
Unique Fire transfers to Main Market after strong growth since 2022 listing
Liew (fifth from left) at the company's transfer listing ceremony to the Main Market of Bursa Malaysia Securities Berhad on Thursday. KUALA LUMPUR (June 26): Unique Fire Holdings Berhad has made its debut on the Main Market of Bursa Malaysia Securities Berhad, just three years after being listed on the ACE Market. The company, a leading provider of fire protection systems and safety equipment, was first listed on the ACE Market in August 2022. Since then, it has recorded significant growth in both operations and financial performance, according to the company in a statement yesterday. Executive director Datuk Marcus Liew noted that the company's revenue rose from RM75.74 million in the financial year ended 2022 to RM104.68 million in 2024. Profit after tax also increased from RM5.64 million to RM8.13 million over the same period. 'We've expanded our production capacity by more than 200 per cent, increased storage space by nearly 68 per cent, 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 region. 'Sustainability remains key, with rooftop solar PV reducing utility costs, while our workforce and product range continue to grow. These milestones reflect our readiness for the Main Market,' he said. Liew described the transfer as a new chapter for the company and that the company will continue expanding its product range to meet evolving market needs. 'We are excited for what lies ahead. With years of experience in the industry, we are confident in our ability to build a solid foundation that supports continued growth,' he added. Unique Fire began as a distributor of fire protection systems and accessories, and has since expanded into the assembly, manufacture and distribution of active fire protection systems. Its product range includes fire suppression systems, extinguishers, hose reels, hoses, alarms, detection devices and custom-designed extinguishers. ace market corporate news Unique Fire Holdings Berhad
The Star
10 hours ago
- Business
- The Star
Unique Fire eyes global expansion after Main Market transfer
KUALA LUMPUR: Fire protection solutions provider Unique Fire Holdings Bhd is gearing up for international expansion, driven by product innovation, certification efforts, and an increased local presence, following its recent transfer from the ACE Market to the Main Market of Bursa Malaysia. At 9 am, the company debuted on the Main Market at 37.5 sen, unchanged from its closing price on the ACE Market, with 46,000 shares traded. Its executive director Datuk Marcus Liew Kang Leong said the group is actively strengthening its portfolio through three major growth initiatives. "Last year, we entered into a joint venture with a Chinese partner to manufacture fire sprinklers. "We are currently undergoing the underwriters laboratories (UL) certification process, which takes about 12 months to 18 months,' he told a press conference held in conjunction with the company's listing transfer ceremony here today. Once certified, Liew said the UL endorsement, one of the stringent global standards for fire safety equipment, will enable the company to export its products to key markets, including the Middle East, Europe, the United States (US), and other parts of the world. Liew also addressed concerns regarding the US-imposed tariffs, noting that the company is currently not affected, as most of its revenue is still generated in Malaysia. "We rarely export to the US at this point. Even if tariffs are introduced later, we expect them to apply equally to all exporters. Malaysia's tariff rate is in the mid-range,' he said. Apart from that, Liew also said that the company has expanded to Penang and Johor Bahru. "With this expansion, our sales have grown tremendously. The goal of these two expansions is not just to showcase our product capabilities, but to create greater convenience for our customers,' he added. Unique Fire, a distributor of fire protection systems, equipment, and accessories, also manufactures and distributes custom graphics designed for fire extinguishers. The company has since expanded its activities, and today, it is primarily involved in the assembly, manufacture, and distribution of active fire protection systems, equipment, and accessories for built environments, including fire suppression systems, fire extinguishers, fire hose reels, fire hoses, fire alarms, and detection devices. Unique Fire, which debuted on the ACE Market in August 2022, has made strong strides in financial performance and operational growth. - Bernama
