Latest news with #MarcusLiewKangLeong
The Sun
27-06-2025
- Business
- 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
26-06-2025
- 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
