Zantat makes market debut at 60% premium

(From left) M&A Securities corporate finance head Gary Ting, Zantat Holdings Bhd director Poo Lap Tuck, executive director Chan Jee Chet, co-founder and deputy chairman Chan Hup Ooi, managing director Ivan Chan, chairman Yap Yoon Kong, director Dr Gan Seng Kian, director Rima Ramona Muhammad Arif and M&A Equity Holdings Bhd managing director Datuk Bill Tan at the listing ceremony of Zantat Holdings Bhd on the ACE Market of Bursa Malaysia.

KUALA LUMPUR: Zantat Holdings Bhd made its debut on the ACE Market at 40 sen per share, a 60% premium over its initial public offering (IPO) price of 25 sen.

Managing director Ivan Chan Bin Iuan expressed optimism on the group’s future, as the bulk of the IPO proceeds of RM14mil will part-fund the group’s venture into the bioplastics value chain and expansion of its core business of calcium carbonate production.