Smart Asia makes strong debut on ACE Market

(From left): Smart Asia Chemical Bhd independent non-executive director Ang Hock Seng, Smart Asia independent non-executive director Yap Yung Chien, Smart Asia independent non-executive director Tan Suat Hoon, Smart Asia non-independent executive and chief operating officer Lim Kok Beng, Smart Asia managing director Goh Chye Hin, Smart Asia non-independent executive director Kee Hui Lang, Smart Asia independent non-executive chairman Yau Yin Wee, Mercury Securities Sdn Bhd managing director Chew Sing Guan, Mercury Securities head of corporate finance Eric Chong, and Bursa Malaysia Bhd chief regulatory officer Julian Mahmud Hashim.

KUALA LUMPUR: Smart Asia Chemical Bhd (Smart Asia) made a strong debut on the ACE Market, opening at 50 sen per share, representing a 25% increase over its initial public offering (IPO) price of 40 sen.

The share price of the industrial paint and coating manufacturer closed at 46 sen with an intra-day high of 50.5 sen.