“Golden Eagle” Youli Holdings made its Malaysian stock debut, surging 1.75 times

The Golden Eagle appeared, and the spirit was amazing! Underground utility engineering solutions - UUE Holdings (UUE, 0310, GEM) first launched the Malaysian GEM. The opening price was 1.75 times higher than the initial offering price!

The initial public offering (IPO) price of Uni-Li Holdings (IPO) was 24 cents, and this morning's listing was reported at 66 cents, which is very popular in the market; the stock's initial trading volume reached 30.71 million shares.

After the listing, the stock price of Youli Holdings reached a maximum of 68 cents; however, the stock price retracted since then. Currently, the stock price is at the level of 65.5 cents, which is still higher than the initial offering

Dr. Dato' Zheng Guohua, managing director of Uni-Li Holdings, said at a press conference after the listing ceremony: “Naturally, I am satisfied with the company's stock price performance on the first day.”

He continued, “I am honored. This is also an investment market's confidence and trust in the company's business and growth strategy. In the future, we will strive to achieve the growth strategy without bringing value to shareholders.”

2019 Golden Eagle Award Winners

?$#@$ Fatt Engineering Private Co., Ltd., a subsidiary of Uni-Li Holdings, is an industry expert providing small and medium-sized horizontal directional drilling rig (HDD) solutions for construction, piping and utility projects in the Malaysian Peninsula and East Malaysia.

In 2019, it participated in the Golden Eagle Award competition hosted by “Nanyang Commercial Daily”, and also won the “Excellent Golden Eagle Award”.

In addition, Zheng Guohua also pointed out that in the subsequent development plan of Youli Holdings, 52.6% of the capital raised this time will be used to purchase new machinery and equipment.

He explained, “We plan to expand the Group's range of underground utility engineering solutions and projects by purchasing more machinery and equipment.”

“This includes purchasing a large-scale horizontal directional drilling rig (HDD) equipment and entering subsea HDD engineering projects, thereby expanding the scope of business.”

Strengthen offshore business

At the same time, it is also beneficial to expand its business in Singapore.

According to the latest quarterly results of Uni-Li Holdings, the Singapore business contributed 24.1% of its revenue in the 2024 fiscal year, while the remaining 75.9% was contributed by the Malaysian market.

Chairman Lee Cai-di pointed out that the company will further expand its business in Singapore, as the country's population will increase to 6.5 million to 6.9 million people by 2030, which will drive demand for underground utility engineering solutions.

“We will use the company's existing expertise to actively participate in the electricity distribution tender project in Singapore, and Gong Wang will expand the scale of the local business.”

Today, in addition to Zheng Guohua and Li Caidi, other senior executives of Youli Holdings also attended the listing ceremony, including executive directors Huang Shuncai, Xing Weiwen, Zhuang Zuocai, and independent non-executive directors Huang Liting, Wu Xinli, and Rita.

Additionally, Heying Securities is an advisor, sponsor, underwriter and placement agent for the company's initial stock offering.