(From left) Powerwell executive director Ricky Lee, executive director Catherine Wong, Tham Kin Yin, managing director Jason Tham, independent non-executive chairman Tang Yuen Ki, independent non-executive director Dr Tou Teck Yong and independent non-executive director Selma Enolil Mustapha Khalil at the listing ceremony.
PETALING JAYA: Electricity distribution product manufacturer Powerwell Holdings Bhd
ended its debut day on the Ace Market with a 14% increase to 28.5 sen, from its initial public offering (IPO) price of 25 sen per share.
Powerwell marks the first Ace Market listing of the year, and the total volume of shares traded amounted to 304.12 million shares.
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