Kuala lumpur: UMS Integration Ltd rose on its Main Market debut, becoming the first Singapore Exchange (SGX)-listed company to achieve a secondary listing on Bursa Malaysia. Its shares opened at RM5.15, marking a 3 per cent increase over its RM5 reference price.

According to BERNAMA News Agency, the listing was conducted by way of introduction, rather than via a conventional initial public offering, and did not involve any fundraising from the company or its shareholders. UMS Integration’s chief executive officer, Andy Luong, stated that the company intends to make further investments as part of its planning for the next five years.

“UMS Integration is moving up the value chain. We see significant opportunities in artificial intelligence (AI) and high-performance computing, where we have the expertise, skills, and capabilities to produce the precision components required,” Luong said at a press conference held in conjunction with the listing. Despite no immediate plans to establish a headquarters in Malaysia, the company remains open to the possibility, depending on future business developments.

Luong emphasized that while Malaysia plays a vital role in UMS Integration’s manufacturing operations, Singapore remains more accessible for international customers, particularly large American semiconductor firms. Meanwhile, executive director and group financial controller Stanley Loh commented on the impact of the newly announced 19 per cent United States (US) tariff on Malaysian goods, noting it is unlikely to significantly affect operations.

Loh elaborated, “As our components are customised for our customers’ internal operations and not intended for resale, any applicable tariffs are likely to be absorbed by the customers themselves, and we do not foresee any operational impact at this point.” He also mentioned the anticipated growth driven by demand for semiconductor equipment used in AI applications.

UMS Integration produces modules, components, and sub-assemblies for companies in the semiconductor, aerospace, and factory automation equipment industries. The company completed a 300,000 sq ft plant in Penang last year for RM234 million, with a second facility scheduled for completion by 2028.