UMediC debuts on ACE Market at 50 sen

(L) UMC independent non-executive director Tan Chye Suan, UMC non-independent non-executive director Lau Chee Kheong, Lim, UMC Non-independent non-executive chairman Datuk Ng Chai Eng, Ng Chin Liang, UMC independent non-executive director Lee Yee Wooi, UMC independent non-executive director Dr Pakirisamy Basakaran P Thangavelu

PETALING JAYA: UMediC Group Bhd has made its debut on the ACE Market of Bursa Malaysia, closing the day with a premium of 56.25% or 18 sen higher at 50 sen from its initial public offering (IPO) price of 32 sen.

Chief executive officer and executive director Lim Taw Seong said the group had executed various transformation strategies that expanded the group’s product lines from marketing and distribution of dental-related products to medical devices and consumables. “In line with our transformation, UMediC managed to venture into the manufacturing of Hydrox prefilled humidifiers and AirdroX inhaler spacers.