Minox makes market debut with 26% premium

From left: Minox independent non-executive director Wong Yen Lee, Minox independent non-executive director Yeoh Aik Cheong, Minox independent non-executive director Ng Kuan Hua, Minox managing director Cheong Chee Son, Minox chairperson Alwizah Al-Yafii Ahmad Kamal, Minox executive director Looi Poo Poo, M &A Securities managing director, corporate finance Datuk Bill Tan and M & A deputy head of corporate finance Rachel Ho Seow Leng.

KUALA LUMPUR: Distributor of stainless steel sanitary valves, tubes and fittings, Minox International Group Bhd made its debut on the ACE Market of Bursa Malaysia at a 26% premium over its initial public offering (IPO) of 25 sen.

At the opening bell, share price of Minox opened at 31.5 sen, representing a premium of 26.0% with an opening volume of 27,729,300 shares.