SINGAPORE, April 4 -- Two Singapore-listed semiconductor firms are looking to tap into Malaysia's more vibrant capital markets with secondary listings, as analysts predict a rebound in regional IPO activity in 2025.

The Straits Times reported that UMS Holdings and Grand Venture Technology recently received approval from Malaysian regulators to pursue listings on Bursa Malaysia. Grand Venture, already listed on Singapore's Catalist board since 2019, obtained its green light from the Securities Commission Malaysia on March 24, while UMS followed suit on March 26.

Both companies have operations in Penang and Johor Bahru. Grand Venture said it is working with advisers and will provide updates as developments arise. UMS, meanwhile, will hold...