KUALA LUMPUR: Heng Huat Resources Group Bhd made a strong debut on the ACE market of Bursa Malaysia, opening at 61 sen or 36% higher than its initial public offering (IPO) price of 45 sen.
The shares, which traded between a high of 62 sen and a low of 55 sen, closed at 56 sen for a 24.4% gain over its IPO price. A total of 51.89 million shares changed hands. The shares were one of Bursa’s top gainers and most active.
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