Unique Fire Holdings Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd.
In a filing to Bursa Malaysia, the group’s proposed transfer reflects its consistent performance and significant milestones achieved since its listing on the ACE Market on Aug 5, 2022.
“The group has met the profit requirements prescribed under Part II, Paragraph 5.02(a)(i) of the Equity Guidelines issued by the Securities Commission Malaysia.
“In addition, Unique Fire has demonstrated a healthy financial position with positive net cash flow from operating activities, sufficient level of working capital for at least 12 months and no accumulated losses based on its latest audited balance sheet,” Unique Fire Managing Director Liew Sen Hoi said.
He added that the proposed transfer is expected to enhance the group’s visibility and credibility, and provide greater exposure to a wider pool of investors and foreign funds.
Upon the successful completion of the proposed transfer, Liew said Unique Fire will continue to capitalise on new growth opportunities in the fire safety and protection industry, which include the electric vehicle blankets.
Unique Fire has reported a cumulative audited net profit of approximately RM29 million over the past five financial years and audited net profit of approximately RM8.1 million in the most recent financial year ended March 30, 2024.
