EMCC debuts on ACE market at a 33% premium

KUALA LUMPUR: Pawnbroker Evergreen Max Cash Capital Bhd (EMCC) made its debut on the ACE Market of Bursa Malaysia at 32 sen per share, a 33% premium against its initial public offering (IPO) price of 24 sen.

The group, which is also involved in the retail and trading of gold and luxury products, raised a total of RM64.2mil from its IPO exercise, with a bulk of it earmarked to finance the expansion of its pawnbroking business.