Firm debut for CEKD amid cautious market

From left to right: Among those present were Gary Ting, head of corporate finance, M&A Securities Sdn Bhd; Chong Chin Look, independent non-executive director, CEKD; Datuk Mak Foo Wei, independent non-Executive director, CEKD; Datuk Zulkifli Adnan, Chairman, CEKD; Yap Kai Ning, managing director, CEKD; Yap Kai Min, chief operations officer, CEKD; Yap Tian Tion, deputy executive chairman, CEKD; Datuk Bill Tan, managing director of corporate finance, M&A Securities Sdn Bhd.

KUALA LUMPUR: Die-cutting solutions provider CEKD Bhd made a firm debut on the ACE Market on Wednesday and its shares rose to a high of 62 sen amid a cautious broader market.

It opened at 60 sen, which is a 12 sen premium than its initial public offering (IPO) price of 48 sen per share, with the first traded volume recorded at 6.28 million shares.