UMS Integration (558.SI) saw its stock price soaring by 8.73% during Friday's intraday trading session, following the announcement of a significant milestone for the company. The surge comes as UMS received approval from the Malaysian Bursa Securities for its proposed listing on the Malaysian Exchange.

According to a filing with the Singapore Exchange late Thursday, UMS Integration's entire issued share capital will be admitted to the official list of the Malaysian Exchange under the Industrial Products and Services sector. This move represents a major step in the company's expansion strategy and potentially opens up new opportunities for growth and investor exposure.

The market's enthusiastic response to this news underscores the perceived value of dual listing for UMS Integration. Investors appear optimistic about the company's prospects in the Malaysian market, which could provide access to a broader investor base and potentially enhance liquidity. As trading continues, market participants will be closely watching for further details on the timing and implications of this new listing.