CEKD makes strong debut on ACE Market

“We are very happy with the successful listing of CEKD and also the recognition from the market. We are also happy to note of the oversubscription rate for our shares as well,” the company’s managing director Yap Kai Ning (pic) said

PETALING JAYA: The ACE Market’s newest entrant CEKD Bhd will channel the proceeds from its initial public offering (IPO) to expand its operations and client base.

The manufacturer and solutions provider of die-cutting moulds made a strong debut yesterday at 60 sen, representing a 12-sen or 25% premium over its IPO price of 48 sen per share.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Sapura Energy most active on recovery hopes
Bursa opens on a slide despite US rebound
Trading ideas: Sapura Energy, Kerjaya Prospek, Sunway, Kim Loong, Glomac, Gamuda, Hiap Teck, Pensonic and Jiankun
Uphill battle to make money from rewilding
Investment house slumps after reallocating to private markets
Hyundai, Kia recall 3 million cars in US over fire risk
Toyota global production rises in August
Renewables developer Red Rocket raises US$160mil
Glencore, Seriti weigh job cuts in South Africa
Singapore announces another plan on cost of living

Others Also Read