MTAG makes strong debut on ACE Market

MTAG raised RM72.3m from its listing exercise after issuing 136.32 million new shares, or 20% of its enlarged share capital, at 53 sen each.

KUALA LUMPUR: Printing and materials converting company MTAG Group Bhd made a strong debut on the ACE Market of Bursa Malaysia on Wednesday, opening at 70 sen, which 17 sen above its offer price of 53 sen.

At 9.05am, it was trading at 60 sen. There were 60.91 million shares traded at prices ranging from 57 sen to 70 sen.