Farm Price makes market debut at 100% premium

From left: Farm Price Holdings Bhd independent non-executive director Yap Koon Roy, Farm Price independent non-executive director Doreen Tea Sor Hua, Farm Price executive director Shirley Liew Tsuey Er, Farm Price managing director Dr. Lawrence Tiong Lee Chian, Farm Price independent non-executive chairman Pauzi Yaman, Bursa Malaysia Bhd market operations director Tay Yu Hui, Farm Price independent non-executive director Lim Poh Seong, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, Alliance Islamic Bank senior vice president, head of corporate finance Tee Kok Wah.

KUALA LUMPUR: Farm Price Holdings Bhd made a strong debut on the ACE Market, opening at 48 sen per share or 100% over its initial public offering price of 24 sen.

The share price of the first wholesale vegetable distributor on Bursa Malaysia closed at 41 sen with an intra-day high of 49 sen.