MKHOP makes market debut with 1.6% premium

From left: Kenanga Investment Bank Bhd head of corporate and institutional coverage Leong Yew Loong, MKH Oil Palm (East Kalimantan) Bhd (MKHOP) independent non-executive director Dr. Hasuria Binti Che Omar, M & A Securities Sdn Bhd managing director Datuk Bill Tan, MKHOP executive director Emily Chen, MKHOP non-executive director Tan Sri Datuk Eddy Chen, MKHOP chairman Datuk Alex Chen Kooi Chiew, MKHOP executive director Datuk Andy Lee Khee Meng, Embassy of the Republic of Indonesia deputy chief of mission, Ibu Rossy Verona, MKHOP non-independent non-executive director Yeo Kiat Seng, AmInvestment Bank Bhd deputy chief executive officer Christopher Ng Kok Wai.

KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd (MKHOP) made a flattish debut on the Main Market, opening at 63 sen per share or 1.6% over its initial public offering (IPO) price of 62 sen.

The share price of the palm oil producer closed at 61.5 sen with an intra-day high of 65.5 sen. It was also the most active stock with 122 million shares changing hands.