Panda Eco System's share price surges on ACE debut

From left: Panda Eco System independent non-executive director Siew Suet Wei, independent executive director Datuk Leanne Koh Li Ann, independent non-executive chairman Nicholas Yap, executive director/CEO Loo Chee Wee, executive director/chief technology officer Tay Kheng Seng, independent non-executive director Chan Kam Chiew, M&A Securities Sdn Bhd head of corporate finance Gary Ting and M&A Equity Holdings Bhd managing director Datuk Bill Tan

KUALA LUMPUR: Panda Eco System Bhd made it debut on the ACE Market of Bursa Malaysia at 29 sen a share, a 13 sen or 81.25% premium to the initial public offering (IPO) price of 16 sen a share.

Shares in the home-grown retail management solutions provider recorded an opening volume of 24.85 million shares, which put it at the top of the active trading table.