The renewed excitement in recent months notwithstanding, the moribund state of the stock market through most of the first half of this year is hard to forget. Such a weak market had in fact frozen out initial public offerings, for who but the bold few would dare resort to equities to raise capital at a favourable pricing?
Even so, the first new offering this year is set to come from industrial chemicals distributor Samchem Holdings Bhd
with a scheduled listing date of June 23.
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