Kitacon jumps 45.6% on trading debut on Main Market

From left: Kitacon independent non-executive director Nooriah Hassan, independent non-executive director Chang Sua Yean, independent non-executive chairperson Datuk Siti Hamisah Tapsir, non-independent non-executive director Steven Teow Choo Hing, managing director Tan Ah Kee, executive director and COO Gam Boon Tin, executive director and CFO Lawrence Goh Yin Huat, independent non-executive director Low Chin Ann@ Han Chin Ann

KUALA LUMPUR: Kumpulan Kitacon Bhd's shares made their start on the Main Market of Bursa Malaysia at 99 sen a apiece, representing a 45.6% premium over the initial public offering (IPO) price of 68 sen.

By 9.55am, the construction service provider, which was the most actively traded counter, had pared gains to 79 sen, or 16.18% above the reference price with 109.25 million shares exchanging hands.