Singapore-listed Grand Venture Technology (SGX:JLB
) Ltd, a supplier to the semiconductor industry, is eyeing a secondary listing in Malaysia that could happen as early as 2025, Bloomberg reported earlier this month. UMS Holdings (SGX:558) Ltd, another chip-related firm listed in Singapore, has said it is considering a similar move.
With Singapore on track for its worst year for new stock listings in a quarter-century, some of the city state’s companies are looking to possibly sell shares in Malaysia’s booming market.
A shift would buck the historical pattern of Malaysian firms offering equity in Singapore, which has traditionally been seen as offering better access to global institutional investors.
