The stock price has soared 250% this year, Utech Technology International will "actively review" its capital structure | Lianhe Zaobao

In response to shareholders' inquiries about whether a stock split is being considered, renewable energy solutions provider Oiltek International stated that it will actively review its capital structure. Oiltek International issued a statement on Wednesday (April 22) after the market closed on the Singapore Exchange, addressing questions raised by shareholders and the Singapore Investor Association (SIAS) regarding the upcoming annual general meeting scheduled for the 28th of this month. Some shareholders pointed out that the company's current high stock price may suppress market participation and trading momentum, and inquired whether the company is considering a stock split. In its response, Oiltek noted that it completed a two-for-one bonus issue on May 15 of last year and revealed that when reviewing its capital structure, it will consider stock price performance, current market conditions, and overall corporate strategy. Oiltek's stock price has surged over 250% this year, likely driven by rising oil prices due to the Middle East conflict. Regarding the company's intention to list on the main board of the Malaysian Exchange, the Singapore Investor Association inquired whether management still believes there is sufficient reason for a secondary listing in Malaysia, given the current trading momentum and valuation on the Singapore Exchange. Oiltek responded that the secondary listing plan announced on July 21 of last year is a growth-oriented initiative and not due to the stock price performance or trading momentum on the Singapore Exchange. The company also emphasized that the proposed secondary listing plan is not due to any restrictions it faces in its listing on the Singapore Exchange. Further Reading Subsidiary Oiltek International's market value exceeds 1 billion, driving the stock price of Xu Brothers Ecological Engineering up over 25% Oiltek's net profit to increase by 7.9% in 2025, renewable energy business becomes the main growth engine ![](https://dss0.zbstatic5.com/s3fs-public/styles/article_small_crop/public/articles/2026/02/11/Renewable20Energy_0.jpg? 2961448) "The secondary listing plan will expand the investor base, increase the liquidity of the company's stock, and allow the company to comprehensively consider investor needs while exploring other financing channels for future needs." Market Value Exceeds 1 Billion, Becomes the First Company to Reach This Scale Starting from the Catalist Board In addition, the company's main operating subsidiary has been rooted in Malaysia for 45 years, making the Malaysian exchange a "natural complementary market" for the company's stock; Malaysian investors are generally familiar with palm oil and renewable energy sectors. The company further pointed out that preparations for the secondary listing are underway and still require passing several key decision points, including successfully completing paperwork, obtaining regulatory approval, and needing to be evaluated by the board of directors regarding the "current market conditions," among others. Youte Technology's market value surpassed 1 billion on Monday (20th), becoming the first and currently the only listed company to achieve this milestone starting from the Catalist Board. Youte Technology's stock price closed down 0.81% to 2.44 on Thursday