Nestcon makes firm debut on ACE market

Nestcon Bhd's virtual listing ceremony. From left to right are Gary Ting, head of corporate finance of M&A Securities Sdn Bhd; Datuk Bill Tan, managing director of corporate finance of M&A Securities Sdn Bhd; Datuk Dr Lim Jee Gin, group managing director of Nestcon Bhd; Ong Yong Chuan, executive director of Nestcon Bhd; Lim Joo Seng, finance director of Nestcon Bhd and Kelvin Khoo Chee Siang, managing director of Eco Asia Capital Advisory Sdn Bhd. Note: This photo was created digitally in adherence to SOPs during the FMCO)

PETALING JAYA: Building and infrastructure construction services provider Nestcon Bhd made a firm debut on the ACE Market of Bursa Malaysia, rising to a high of 37 sen.

It opened at 30 sen, two sen or 7.1% above its offer price of 28 sen, with a volume of 28.4 million shares. The counter closed at 32 sen a share yesterday.