NationGate shares soar 113% on ACE Market debut

From left: M&A Securities deputy head of corporate finance Danny Wong, NationGate non-executive director Miss Ju Siew Lee, independent non-executive director Datuk Faiza Zulkifli, executive director-cum-cheif operating officer Lee Kim San, independent non-executive chairman Datuk Seri Wong Siew Hai, managing director Ooi Eng Leong, promoter and substantial shareholder Tan Ah Geok, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar, M&A Securities managing director of corporate finance Datuk Bill Tan, Bursa Malaysia CEO Datuk Muhamad Umar Swift and M&A Securities head of corporate finance Gary Ting

KUALA LUMPUR: Electronics manufacturing services (EMS) provider Nationgate Holdings Bhd made its debut on the ACE Market at 81 sen a share, which represented a whopping 113% jump over its initial public offering (IPO) price of 38 sen a share.

A total of 65.8 million shares were traded at the opening bell.