Singapore-based Grand Venture Technology Ltd. (GVT), a manufacturer of components for the semiconductor industry and other sectors, is planning to list in Malaysia, according to sources familiar with the matter. GVT is working with advisors and is eyeing a secondary listing as early as 2025. The listing may take place by introduction, meaning no new funds would be raised at the time of listing, according to one source.
This strategic move comes as GVT seeks a higher valuation in Kuala Lumpur, where initial public offerings (IPOs) have been gaining traction this year. While GVT’s stock has declined by 7% over the past 12 months in Singapore and is 60% below its peak three years ago, the company’s market capitalization currently sits at S$188 million ($145 million). With the potential listing in Malaysia, GVT hopes to tap into a broader investor base and take advantage of stronger market sentiment in the region.
The trend represents a reversal for companies based in Malaysia, which traditionally sought listings in Singapore for better access to global investors. UMS Holdings Ltd., another Singapore-listed semiconductor component manufacturer, recently announced it is considering a similar move to list in Malaysia to expand its investor base and improve liquidity.
In comparison, Singapore has seen limited IPO activity this year, with only one major listing from the Singapore Institute of Advanced Medicine Holdings Pte., which raised $20 million. Meanwhile, IPOs in Malaysia have generated $1.3 billion, reflecting a growing interest in the Malaysian market.
Founded in 2012, GVT manufactures a range of products, including sheet metal components and modules for industries such as semiconductors, life sciences, aerospace, and medical technology. The company posted impressive growth in the first half of 2024, with a 27% year-on-year increase in revenue to S$68 million. The semiconductor segment accounted for half of this revenue, highlighting the importance of this sector for the company’s growth. Net profit for the period reached S$4.3 million.
A secondary listing in Malaysia could provide GVT with greater market visibility, which may enhance its growth prospects and long-term profitability. By listing in Kuala Lumpur, GVT could benefit from Malaysia’s rising IPO market, attracting investors who are looking for exposure to high-growth semiconductor and technology stocks. If successful, this move could significantly enhance GVT’s market position and create value for shareholders.
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
