Unique Fire debuts on ACE Market at 21 sen


KUALA LUMPUR: Unique Fire Holdings Bhd made its debut on the ACE Market of Bursa Malaysia at 21 sen today from its initial public offering (IPO) price of 26 sen.

Unique fire is an investment holding company involved in the assembly, distribution and manufacture of active fire protection systems, equipment and accessories for the built environment.

“Our listing today marks a momentous milestone in our journey towards becoming the preferred brand of fire protection equipment within the region and beyond. Correspondingly, we have laid out strategic and exciting plans to spearhead our growth and improve our market penetration in line with our expansion of operation capabilities.

“We trust the IPO will be able to unleash Unique Fire’s full potential and to ensure that all our strategies are executed as planned,” managing director Liew Sen Hoi said in a statement.

The listing exercise has raised proceeds of RM21.78mil, of which RM2.50mil has

been earmarked for the expansion of manufacturing facilities and RM6mil for expansion of its geographical coverage.

Another RM5.3mil and RM4.58mil will be set aside for expansion of operational capabilities and working capital respectively. The remaining RM3.4mil will be utilised to fund the listing expenses.

Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for Unique Fire’s listing exercise

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Unique Fire , IPO , Ace Market , Bursa Malaysia

   

Next In Business News

The rise of online financial fraud in Malaysia
Cybersecurity experts share their views
Letter to the editor
Dutch Lady losing dividend appeal
Currencies crack as dollar dominates
Stable currency is a must for the economy
Persistent overhang
BNM grants MBSB extension until Jan 5 to conclude talks with PNB for MIDF acquisition
Bursa Malaysia publicly reprimands, fines Brem Holdings directors
ASNB declares income distribution of 3.75 sen per unit for ASM 3

Others Also Read