Uni Wall

UNI Wall APS Holdings Bhd has proposed to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia to broaden its investor base and strengthen fundraising capabilities.

The move comes more than six years after its debut on the LEAP Market in January 2019.

The proposed transfer involves the withdrawal of Uni Wall’s shares from the LEAP Market and the subsequent admission of its entire issued capital to the ACE Market, along with a public offering of new and existing shares.

To facilitate the withdrawal, Uni Wall will seek exemptions from Bursa’s requirement for an exit offer to minority shareholders and the appointment of an independent adviser, supported by undertakings from minority shareholders.

“The transfer will enhance liquidity, improve marketability of Uni Wall shares, and provide the group with greater access to capital for expansion,” the board said.

Subject to approvals from shareholders, Bursa Malaysia, the Securities Commission, and the Ministry of Investment, Trade and Industry, the transfer is expected to be completed by the third quarter of 2026.

NewParadigm Securities Sdn Bhd has been appointed as principal adviser and sponsor. — TMR

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