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Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations

Singapore-listed UMS and Grand Venture Technology say they are eyeing secondary listings in Kuala Lumpur

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Yong Jun Yuan

Yong Jun Yuan

Published Thu, Oct 17, 2024 · 05:00 AM
    • Market watchers believe that dual-listings are not an ideal scenario, and that companies will have to justify the costs of such a move over time.
    • Market watchers believe that dual-listings are not an ideal scenario, and that companies will have to justify the costs of such a move over time. PHOTO: REUTERS

    BURSA Malaysia has been one of the top-performing markets in the region, with numerous listings that have done well. The bourse is now drawing interest from Singapore-listed companies with a presence in Malaysia.

    In the last three months, at least two companies listed here – semiconductor players UMS Holdings and Grand Venture Technology (GVT) – have said that they were eyeing a secondary listing in Malaysia.

    UMS said that the listing could enable the company to tap a different equity market for future fundraising; GVT said it could list by introduction, without raising funds.

    Bursa MalaysiaSGXSingapore equities

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