NationGate, which raised RM165.5mil via an issuance of 435.5 million new IPO shares, said it would be utilising the bulk of the proceeds for working capital and repaying bank borrowings.
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.
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