Following the issuance of the prospectus, UMS is scheduled to be listed on the Bursa on Aug 1.
The company, which is currently listed on the mainboard of the SGX with a market capitalization of about $970 million, reported earnings of $40.6 million for FY2024 ended Dec 31, 2024, down 32% y-o-y. For 2HFY2024, the company saw a 29% dip in earnings of $11.1 million.
Meanwhile, the group reported revenue for the full year of $242.1 million, down 19% y-o-y. For 2HFY2024, the group reported 9% lower earnings of $67.2 million.
UMS first announced the proposed secondary listing in a July 17 bourse filing. It said the move would broaden the company’s investor reach and widen its investor base, and potentially increase the liquidity of the company’s shares.
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Shares in UMS Integration closed 3 cents lower or 2.206% down at $1.33 on June 30.
