Kawan Renergy leaps 50% on ACE Market debut

KUALA LUMPUR: Kawan Renergy Bhd's shares jumped 50% as it made its debut on the ACE Market of Bursa Malaysia after an initial public offering (IPO) that raised RM33mil.

The engineering solutions provider opened at 45 sen a share, a 15 sen premium over its IPO price of 30 sen a share, and rose to as high as 47 sen a share.