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New Straits Times
3 hours ago
- Business
- New Straits Times
UMS releases prospectus for Bursa secondary listing
KUALA LUMPUR: Precision engineering company UMS Integration Ltd (UMS) has issued its prospectus for a secondary listing on the Main Market of Bursa Malaysia by way of introduction. 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.
Barnama
8 hours ago
- Automotive
- Barnama
Malaysia Solidifies Position as Regional EV Hub with Launch of INV New Materials Pioneering Battery Separator Facility
PENANG, June 30 (Bernama) -- Malaysia's ambitions to become Southeast Asia's leading electric vehicle (EV) hub took a major leap forward today with the official launch of INV New Material Technology Sdn. Bhd.'s cutting-edge lithium-ion battery separator facility. The RM3.2 billion investment establishes Malaysia's first commercial facility of its kind, positioning the country as the region's largest producer of battery separators. The ceremony was officiated by Penang Chief Minister, YAB Chow Kon Yeow, alongside other distinguished government officials and industry leaders. The newly launched facility will produce 1.3 billion square metres of wet-processed and coated lithium-ion separators – an essential component in EV battery manufacturing. The project has generated over 2,000 job opportunities, including 550+ high-skilled technical roles with wages exceeding RM3,000 per month. It serves as a launchpad for technology and knowledge transfer, equipping Malaysian talent with practical exposure to advanced equipment, structured training programmes, and collaboration with global experts. This holistic approach significantly upskills the workforce in advanced materials and engineering plastics, cultivating a future-ready talent pipeline vital for Malaysia's long-term growth in the EV and high-tech sectors.
New Straits Times
a day ago
- Automotive
- New Straits Times
INV new material's RM3.2bil Penang plant boosts Malaysia's EV hub ambitions
KUALA LUMPUR: China's INV New Material Technology (M) Sdn Bhd has launched its RM3.2 billion manufacturing facility in Penang, marking a significant milestone in Malaysia's push to become Southeast Asia's leading electric vehicle (EV) hub. The plant, which produces lithium-ion battery separators, is the first commercial facility of its kind in the country, firmly positioning Malaysia as the region's largest producer of this critical EV component. The newly launched facility will produce 1.3 billion square metres of wet-processed and coated lithium-ion separators. The project has generated over 2,000 job opportunities, including over 500 high-skilled technical roles with wages exceeding RM3,000 per month. It serves as a launchpad for technology and knowledge transfer, equipping Malaysian talent with practical exposure to advanced equipment, structured training programmes and collaboration with global experts. This holistic approach significantly upskills the workforce in advanced materials and engineering plastics, cultivating a future-ready talent pipeline vital for the nation's long-term growth in the EV and high-tech sectors. The plant also sets a benchmark in Industry 4.0 adoption as it integrates advanced automation, smart manufacturing systems, and digital technologies to maximise operational efficiency, enhance precision and promote sustainable practices. Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the launch of the facility marks a transformative step in the country's electric vehicle journey. He said the investment, anchored in the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030, bridges a critical gap in the local EV ecosystem and embeds advanced materials into the supply chain. "It sets a new standard for high-tech manufacturing while strategically catalysing broader industrial growth and attracting more global and local players to strengthen Malaysia's position in the global EV value chain," he added. INV New Material Technology chief executive officer Liu Rui said that beyond investment, the plant is a long-term commitment to sustainability, innovation and talent development. "Malaysia offers the strategic advantages, talent pool, and government support we need to make this vision a reality, and we are proud to call it home to our first facility in the Asean region," he said.
BusinessToday
20-06-2025
- Business
- BusinessToday
DOSM Report Shows Ramadan Bazaars Drove RM3.2 Billion In Sales, 280,000 Jobs In 2025
Malaysia's vibrant Ramadan and Aidilfitri bazaars generated an impressive RM3.2 billion in total sales and engaged 281,876 workers in 2025, according to a report released today by the Department of Statistics, Malaysia (DOSM). The 'Report on Statistics Ramadan & Aidilfitri Bazaars 2025' highlights a notable improvement in performance compared to 2023. The total sales value for both bazaars in 2025 rose by 12.9% from RM2.5 billion in 2023. This growth was accompanied by a 17.6% increase in the number of persons engaged, underscoring the significant economic activity and local entrepreneurship fostered by these festive markets. The DOSM survey, conducted from March 2 to March 30, 2025, covered bazaars registered with Local Authorities (LAs) nationwide. State and District Highlights Selangor emerged as the top-performing state, recording the highest combined sales value of RM0.7 billion and engaging 38,811 persons. Johor followed with RM0.5 billion in sales and a leading 44,525 persons engaged, while W.P. Kuala Lumpur registered RM0.4 billion in sales with 16,142 persons engaged. Collectively, these three states contributed 47.5% of the total national sales value for Ramadan and Aidilfitri bazaars. At the administrative district level, Johor Bahru recorded the highest combined sales value at RM261.1 million, surpassing Petaling (RM184.7 million) and Gombak (RM122.0 million). Ramadan Bazaar Performance Specifically, Ramadan bazaars contributed RM2.6 billion in sales in 2025, reflecting a positive growth of 14.9% compared to 2023. Selangor led state-level sales for Ramadan bazaars at RM558.0 million, followed by W.P. Kuala Lumpur (RM361.9 million) and Johor (RM331.5 million). Petaling district topped the Ramadan bazaar sales with RM163.9 million. The number of persons engaged in Ramadan bazaars also saw a sharp increase of 18.7% to 241,379. Johor registered the highest number of persons engaged at 37,415, while Johor Bahru district led with 21,295 workers. Aidilfitri Bazaar Performance Aidilfitri bazaars also performed well, with total sales increasing by 5.1% to RM0.6 billion compared to RM0.5 billion in 2023. Johor led state-level sales for Aidilfitri bazaars with RM144.3 million. Johor Bahru district again recorded the highest sales at RM99.0 million. The number of persons engaged in Aidilfitri bazaars increased by 12.0% to 40,497, with Johor recording the highest number at 7,110 persons. Vendor Satisfaction and Food Waste Management A survey conducted by DOSM indicated high satisfaction among Ramadan and Aidilfitri bazaar vendors: 83.0% were satisfied with the bazaar locations. were satisfied with the bazaar locations. 70.5% were satisfied with promotional activities by organizers. were satisfied with promotional activities by organizers. 69.3% were satisfied with traffic control measures. were satisfied with traffic control measures. 73.2% expressed satisfaction with visitor turnout. In a commendable effort to reduce food waste, 56.0% of Ramadan Bazaar vendors reported offering discounted prices to minimize surplus. Furthermore, 77.3% expressed willingness to donate unsold food to selected institutions, and 84.2% were open to sharing excess food with fellow vendors. Systematic food waste management also saw 3.9% of vendors channeling surplus to processing factories, 6.2% collecting for organic composting, and 7.4% utilizing recycling methods for leftovers. These findings highlight the continuous efforts by vendors and organizers to improve both the economic and operational aspects of these culturally significant bazaars. Related
Focus Malaysia
12-06-2025
- Business
- Focus Malaysia
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its 3rd manufacturing plant
CHIN Hin Group Bhd, Malaysia's leading integrated constriction conglomerate, has inked a memorandum of understanding (MOU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MOU entered into through the group's wholly-owned subsidiary Starken AAC Sdn Bhd signifies Chin Hin's strategic expansion into its third AAC manufacturing facility which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31 next year, the new facility will significantly elevate the Chim Hin's production capabilities by adding a capacity of over one million cubic metres per year. Listed on the Shanghai Stock Exchange with a RM3.2 mil market capitalisation, Teeyer is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to over 20 countries, Teeyer is recognised for pioneering technological advancements such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of about 1.2 million cubic metres. With the addition of this third facility, the group's total AAC production capacity will rise to over 2.2 million cubic metres annually, hence further consolidating its leadership in the building materials industry. 'This strategic partnership with Teeyer is a significant milestone for Chin Hin as it substantially enhances our production capabilities and strengthens our competitive edge in the market,' commented Chin Hin Group's CEO (Building Materials Division) Ng Wai Luen. 'Moreover, Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable and high-quality building materials in Malaysia and beyond.' To-date, Chin Hin has continued its commitment to innovation and sustainable growth by reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with the group's on-going efforts to invest in advanced manufacturing capabilities, driving operational efficiency and responding to the increasing market demand for environmentally friendly construction materials. At the close of today's (June 12) market trading, Chin Hin Group was up 3 sen or 1.44% to RM2.12 with 245,600 shares traded, thus valuing the company at RM7.51 bil. – June 12, 2025
