Bursa bridge to secondary listings

WITH 47 listings as at end of November and at least six more initial public offerings (IPO) this month, Bursa Malaysia will clearly surpass its target of 42 for 2024. An exciting development is that companies listed on foreign exchanges are now looking at secondary listing in Malaysia.

In November, Hong Kong-listed Unity Group Holdings International Ltd, disclosed that it is exploring a secondary listing on Bursa. This move follows the announcement by two Singapore-listed companies, UMS Holdings Ltd (UMS) and Grand Venture Technology (GVT), in July and September respectively, that they are contemplating a secondary listing in Malaysia. It has certainly been a while since the secondary listing of OM Holdings Ltd (OMH) on the Main Market of Bursa in June 2021.