UWC's core activities are the provision of precision sheet metal fabrication and value-added assembly services and the fabrication of precision machined components.
Its executive director and group CEO Datuk Ng Chai Eng said the listing would enable it to access
the capital market for its future expansion and growth.
“As part of the business expansion process, we will be looking at expanding our production capacity and providing a more comprehensive range of services to our customers. Production efficiency is the key driver to our expansion and as such, production processes will be automated, going forward,” he said.
Hong Leong Investment Bank Bhd is the principal adviser, underwriter and placement agent while Wyncorp Advisory Sdn Bhd is the corporate finance adviser.
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