UNITY GP Holdings (01539) plans to conduct a potential secondary listing on the Malaysia Stock Exchange.

UNITY GP HLDGS (01539) announces that the company has engaged a chief advisor recognized by the Malaysian Securities Commission to discuss the possibility of a secondary listing of the company's shares with a par value of HK$0.10 on the Bursa Malaysia Securities Exchange. On November 20, 2024, the company appointed qualified and experienced professionals in Malaysia to prepare for a potential listing application in accordance with the requirements of the Malaysian Securities Commission and Bursa Malaysia. It is expected that further discussions will be held between the company, Malaysian professionals, and relevant capital market regulatory authorities in Malaysia. Regardless of the progress of the potential listing, the company intends to maintain its listing on the Stock Exchange of Hong Kong. The Group's strategic focus is on the UAE, Middle East, and Malaysian markets. The Group is committed to advancing Environmental, Social, and Governance (ESG) and sustainable development initiatives, collaborating with the Malaysian government to promote green initiatives using the Group's proprietary LED lighting technology and hydroponic vertical farming system. Therefore, the directors anticipate that seeking a potential listing will provide Malaysian and regional investors with a more convenient trading channel for shares, reflecting the overall value of the shares and the company. However, this move will also further assist the company's business development in Malaysia and strengthen its position in dealings with local banks and financial institutions. Enhancing the reputation of the Group will also help attract top talent to expand and operate business in Malaysia. Based on current estimates, the company may submit a potential listing application in 2025, subject to the advice of Malaysian professionals. If the application is submitted, the completion of the potential listing will depend on approval from the Malaysian Securities Commission and Bursa Malaysia. The company will make further announcements as necessary regarding the potential listing to inform shareholders and investors.