Unigloves IPO attracts strong investor demand

UG Healthcare Corporation Ltd, parent of Unigloves UK Ltd, conducted an Initial Public Offering (IPO) on the Singapore stock exchange at the beginning of December 2014. The offering was more than 11 times oversubscribed and raised 4.2m Singapore Dollars.   The funds raised from the IPO will be used to add manufacturing capacity, develop the distribution network and extend R&D.

 

About UG HEALTHCARE CORPORATION LIMITED (SGX STOCK CODE: 41A)

UG Healthcare Corporation Limited 优格医疗有限公司 (“UG Healthcare”) and together with its subsidiaries (the “Group”) is an established Malaysia-based glove manufacturer and distributor. Currently, the Group has two manufacturing facilities located in Seremban, Malaysia. To complement this manufacturing platform, it has established an extensive distribution network globally through its own distribution companies based in the USA, UK, Germany, the PRC and Nigeria, as well as through third party distributors.

Started in 1989, the Group has built its reputation as a reliable manufacturer and distributor of natural latex and nitrile examination gloves under its own brand names including its “Unigloves” brand name as well as third party labels where it is engaged as original equipment manufacturer. UG Healthcare also distributes ancillary products such as surgical, vinyl and cleanroom gloves, face masks and other medical disposables.

The Group’s competitive edge lies in its successful integration of its manufacturing and distribution businesses. The integrated platforms allow the Group to have full control over the entire supply chain, including (1) the production process, where it can carry out stringent quality control checks at every stage to ensure consistent product quality and compliance with various stringent international standards, as well as (2) the distribution of its products to end-users and intermediaries. With its own facilities, the Group is also able to customise products to meet the evolving requirements of customers in a cost effective manner.

Its products are sold to more than 50 countries including Germany, Nigeria, the PRC, USA, UK, France, Italy, Austria, Switzerland, the Netherlands, Japan, South Korea, Canada and Brazil.

UG Healthcare manufactures and distributes natural latex and nitrile examination gloves under its own brands including its “Unigloves” brand name as well as third party labels where it is engaged as original equipment manufacturer. The Group also distributes ancillary products such as surgical, vinyl and cleanroom gloves, face masks and other medical disposables. While its gloves are used predominantly in the healthcare industry, they are also used across a diverse range of industries such as laboratories, food handlers, automotive, beauty and cleanroom.

The Group has two manufacturing facilities that are capable of producing up to approximately 1.3 billion pieces of gloves per annum. This is complemented by its extensive global distribution network, established through its own distribution companies based in the USA, UK, Germany, the PRC and Nigeria, as well as through third party distributors. This facilitates the sale of its products to more than 50 countries including Germany, Nigeria, the PRC, USA, UK, France, Italy, Austria, Switzerland, the Netherlands, Japan, South Korea, Canada and Brazil.

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