EGH International debuts on ACE Market at 9.38pct discount
KUALA LUMPUR: EGH International Bhd made a weak debut on Bursa Malaysia's ACE Market today, opening at 14.5 sen, a 9.38 per cent discount to its initial public offering (IPO) price of 16 sen.
EGH International Bhd made a weak debut on Bursa Malaysia's ACE Market, opening at 14.5 sen, a 9.38 per cent discount to its IPO price of 16 sen. The interior fit-out services provider's shares fell as low as 12 sen before trading at 13.5 sen, still down 15.63 per cent, with 52.85 million shares traded. The company raised RM38.4 million from the issuance of new shares and RM19.2 million from the offer for sale, with the proceeds to be used for various purposes including building a new head office, warehouse and Interior Premium Outlet showroom in Puchong, Selangor, and funding business expansion.
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