Red Sena makes weak debut

PETALING JAYA: Red Sena Bhd, Malaysia’s first food and beverage (F&B)-based special-purpose acquisition company (SPAC), saw its share price fall below its initial public offering (IPO) price of 50 sen against the backdrop of market volatility.

The counter opened at 39.5 sen for a discount of 10.5 sen below the reference price, while the warrants were up 9.5 sen to 10 sen.