Harbour-Link chalks up 136% premium on debut

Harbour-Link Group Bhd, which has assumed Tongkah Holdings Bhd's listing status on the KLSE main board, made its debut yesterday at RM2.48, a massive 136% premium over its indicative price of RM1.05. 

The company, which provides logistic and engineering services for the oil and gas industry, saw its shares soar to an intra-day high of RM2.83 before they slipped back in the afternoon session under heavy selling pressure.