Unique Fire makes debut on Bursa
The company became the 23rd new listing on Bursa Malaysia this year and the 16th to debut on the ACE Market.(File pic shows Unique Fire equipment.)手机新2管理端（www.99cx.vip）实时更新发布最新最快最有效的手机新2管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
PETALING JAYA: Unique Fire Holdings Bhd made a soft debut on Bursa Malaysia’s ACE market yesterday, opening five sen lower at 21 sen as compared to its initial public offering (IPO) price of 26 sen.
The company became the 23rd new listing on Bursa Malaysia this year and the 16th to debut on the ACE Market.
Unique Fire shares hit a high of 24 sen and a low of 21 sen in intraday trade yesterday before closing the maiden trading day at 22.5 sen a share. It assembles, distributes and manufactures fire protection systems, equipment and accessories for the built environment.
It was listed under the industrial products and services sector.
“Our listing marks a momentous milestone in our journey towards becoming the preferred brand of fire protection equipment within the region and beyond,” Unique Fire founder and managing director Liew Sen Hoi said after the listing ceremony.
“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.”
He believes the listing exercise will help unleash Unique Fire’s full potential as the company’s strategies are executed as planned.
Operation director Roy Liew said this year marks the company’s 25th anniversary.,
“Led by four young capable directors with more than 10 years of experience, we believe that now is the right time for us to bring Unique Fire to the next level,” Roy said.
The listing exercise saw Unique Fire raise proceeds of RM21.78mil, of which RM2.5mil has been earmarked for the expansion of its manufacturing facilities and RM6mil to expand its business geographically.
Another RM5.3mil and RM4.58mil will be set aside for expansion of operational capabilities and working capital, respectively, while RM3.40mil was spent on listing expenses.
Alliance Islamic Bank Bhd was the principal adviser, sponsor, sole underwriter and placement agent for the company’s listing exercise.
Unique Fire’s revenue for its financial year ended March 31, 2022 (FY22) jumped by about 19% year-on-year (y-o-y) to RM75.7mil.
Despite reporting an increase in revenue, net profit remained flat at RM5.6mil in FY22 as compared with RM5.3mil net profit it made in FY21.
The group was not running at full operational capacity in FY21 due to the containment measures imposed by the government owing to the Covid-19 pandemic.
The net profit of RM5.6mil in FY22 includes a one-off listing expenses of RM1.3mil.