March 2 (Reuters) - Malaysia's Mi Technovation said on Monday it was considering a separate listing of its semiconductor material business on the Singapore Exchange.
The proposed listing is still at a preliminary stage, with details yet to be determined, Mi said in a statement. The move is expected to provide the company and the segment a more diverse fundraising platform and increase financial flexibility.
Mi's board has also appointed Singapore's Oversea-Chinese Banking Corp as the issue manager and bookrunner for the proposed listing.
Singapore led Southeast Asia's initial public offering market in 2025, raising about $1.6 billion through nine deals. The city-state's central bank has also rolled out initiatives to revive the equities market and attract more companies to list.
Mi Technovation, a semiconductor equipment and maintenance services provider, has a market capitalisation of around $665 million, as of last close.
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Shilpi Majumdar)
