UMS Integration raising RM450m, RM332m for Penang automation

UMS Integration Ltd, the Singapore-based semiconductor equipment maker with factories in Penang, plans to raise up to RM450 million by placing up to 52.94 million new shares at RM8.50 each, it told Bursa Malaysia on 29 September 2026. Up to RM332.25 million of the net proceeds will go to automating its Penang production. The placement is scheduled to complete on 9 October 2026.

The placement

• Shares: up to 52,941,100 new shares, 5.96% of the existing 888.17 million shares and 5.63% of the enlarged 941.11 million
• Price: RM8.50 a share (about S$2.66), a 1.11% discount to the 28 September Bursa volume-weighted average price of RM8.595
• Buyers: offered only in Malaysia, through CGS International Securities Malaysia and AmInvestment Bank as placement agents on a best-efforts basis, under the general mandate approved at the 30 April 2026 AGM
• Approvals: listing approval from SGX-ST and Bursa Malaysia. Bank Negara Malaysia approved the ringgit issue on 1 September 2026, on condition that at least 75% of the net proceeds is used in Malaysia
• Trading: UMS shares were suspended on Bursa from 9am to 5pm on 29 September at the company's request and resumed the next day. The last price before the suspension was RM8.61, a market value of RM7.65 billion

Where the money goes

• Net proceeds: RM443 million after about RM7 million of fees and expenses
• Penang, up to RM332.25 million (75%): automated machinery, robotics and digital monitoring systems at the Penang production facilities, to raise efficiency and product consistency and cut reliance on manual labour amid manpower shortages. No new land or buildings are mentioned
• Vietnam and Singapore, up to RM110.75 million (25%): buying or leasing a new factory in Vietnam and setting up a production line with new machinery; automation machinery in Singapore

UMS in Penang

• First hub: UMS's Penang hub began operating in February 2009 as a RM75 million investment. The group lists 1058 Jalan Kebun Baru, Juru, as one of its Penang addresses
• Penang Science Park North: construction of a new factory at Lot P30, Lorong PSPN 9, on about 300,000 sq ft of land, began in May 2021. It received its certificate of completion and compliance in January 2024, when volume production started
• More land: subsidiary Ultimate Manufacturing Solutions (M) Sdn Bhd bought 5.38 acres (about 235,000 sq ft) of 60-year leasehold land next to the new factory from Penang Development Corporation for RM15.23 million, about RM65 psf. The agreement was signed on 28 August 2024 and completed on 17 February 2025
• Malaysian companies: Ultimate Manufacturing Solutions (M) Sdn Bhd and Ultimate Machining Solutions (M) Sdn Bhd, both wholly owned manufacturers; JEP Precision Engineering (M) Sdn Bhd, an aerospace and semiconductor machining unit at Lot P30A in Penang Science Park North; and Starke Asia Sdn Bhd, which trades metal products from Juru, according to UMS's 2024 annual report

UMS added a secondary listing on Bursa Malaysia's Main Market in August 2025; its primary listing is on the Singapore Exchange. In the quarter to 30 June 2026 its net profit rose 89% to S$19.4 million, on revenue up 29% at S$87.1 million.