ECOFUTURE Bhd ended its debut trading day on the Mesdaq market yesterday with 10.5 sen gain against its initial public offering (IPO) price of 25 sen on volume of 28.2 million shares, after opening 15 sen higher at 40 sen. The share price touched an intraday high of 50 sen.
The oil palm biomass technologist expected an annual growth of 70% in net profit for the next three years, following expansion plans for biomass products, independent director Bryan Wong Wye Pong told reporters after the company's listing ceremony in Kuala Lumpur .
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