Aviation MRO specialist sees flat start on Bursa debut
KUALA LUMPUR: Aviation maintenance, repair and overhaul (MRO) services provider GTA Holdings Bhd made a muted debut on Bursa Malaysia’s ACE Market today, opening unchanged at its initial public offering (IPO) price of 35 sen.
GTA Holdings Bhd's debut on Bursa Malaysia's ACE Market was relatively subdued, opening at its IPO price of 35 sen and trading unchanged. Despite the flat start, the stock saw a modest 1.4% increase by 10:20am, with 58.52 million shares traded. The IPO raised RM71.75 million through the issuance of 205 million new shares and generated an additional RM43.4 million from an offer for sale of 124 million existing shares.
Investor interest was strong, with the offering oversubscribed 22.16 times, indicating significant demand for GTA's shares.
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