SkyWorld makes Main Market debut at 80c/share

KUALA LUMPUR: Skyworld Development Bhd was the most active stock on Bursa Malaysia following its trading debut on the Main Market at 80 sen a share, unchanged from its initial public offering price, on the back of 16.43 million shares.

During the listing ceremony, founder and non-independent executive chairman Datuk Seri Ng Thien Phing said SkyWorld, which has launched 13 grand-scale projects to-date, plans to launch 10 new developments between the second half of 2023 and 2026 with a combined gross development value (GDV) of RM4.08bil.