It aims to broaden its investor base, improving liquidity.
Manufacturer, UMS Holdings, has indicated an interest in listing its shares in the Main Market of Bursa Malaysia Securities (Bursa Securities).
The company said in a local bourse filing this could " widen its investor base; potentially improve the liquidity of the Company's shares through separate trading platforms; and enable UMS to tap into additional platforms for future fund raising and provide it with the flexibility to access different equity markets to raise funds to support the Group's growth,"
UMS recently acquired over five acres of industrial land in Penang to grow its manufacturing footprint.
Preparations for the listing are underway, with professional advisers appointed, but no applications have been submitted yet.