Coraza surges on ACE Market debut to 70 sen a share

(L to R) Gary Ting, head of corporate finance, M&A Securities Sdn Bhd; Datuk Seri Abdul Rafique Abdul Karim, independent director, Coraza; Tony Ng, executive chairman of Coraza; Lim Teik Hoe, managing director of Coraza; Datuk Bill Tan, managing director of corporate finance, M&A Securities; Ng Hong Kiat, deputy chairman, Coraza; Rusmin Alwani Shukery, independent director, Coraza at the listing ceremony on Thursday

KUALA LUMPUR: Coraza Integrated Technology Bhd opened at 70 sen a share, which was a 150% premium to its initial public offering price of 28 sen a unit, on its debut on the ACE Market of Bursa Malaysia.

At 10.53am, shares in the engineering supporting services provider were trading 141.07% or 39.5 sen higher at 67.5 sen a share on the back of 137.41 million shares traded.