It will also enable UMS Holdings to tap into additional platforms for future fundraising and provide it with the flexibility to access different equity markets to raise funds after taking into consideration investors’ demand as well as the cost of raising equity funding on the respective stock exchange.
The board of directors of UMS Holdings (SGX:558
) intends to seek a secondary listing on the main market of Malaysia’s stock exchange Bursa Malaysia, according to a release filed on July 17.
This secondary listing will broaden the company’s investor reach and widen its investor base, and potentially increase the liquidity of the company’s shares through separate trading platforms, notes the release.
