Uni Wall up 25% at 20 sen on LEAP Market debut

Mercury Securities director of corporate finance Winnie Lau, Uni Wall APS Holdings Bhd managing director and chief executive officer Siow Hon Yuen, Uni Wall executive chairman Siow Hon Yong and Uni Wall independent non-executive director Siew Choon Jern gathering around the ceremonial gong at the listing ceremony today. Photos by Patrick Goh

Siow: We are optimistic on our prospects. We have been making profit for the past 20 years, so we are confident in sustaining our growth.

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KUALA LUMPUR (Jan 15): Uni Wall APS Holdings Bhd shares rose as much as four sen or 25% to 20 sen so far today on the building façade specialist's debut on Bursa Malaysia's LEAP Market.

At 9:09am, Uni Wall was traded at 18 sen with 5,300 shares transacted.

"We are optimistic on our prospects. We have been making profit for the past 20 years, so we are confident in sustaining our growth," managing director and chief executive officer Siow Hon Yuen told reporters after Uni Wall's listing ceremony here today.

Siow said the group aims to have a dividend policy to reward shareholders with 20% of profit after tax.

According to Uni Wall's information memorandum, the group's listing entails the placement of 45.7 million new shares in the company at 16 sen each. At 16 sen, the company has a market capitalisation of RM58.51 million.