KTI shares open unchanged at IPO price of 30 sen

From left: KTI Landmark independent director Datuk Tan Kok Liang, independent director Lim Guik Moi, independent director Chua Chai Hua, chairman Datuk Haji Hamzah Haji Ghazalli, managing director and CEO Gordon Loke, promoter and substantial shareholder Chin Mee Leen, promoter Nelly Loke, executive director Stella Loke, executive director Wilson Loke, M&A Equity Holdings Bhd managing director Datuk Bill Tan and M&A Securities Sdn Bhd head of corporate finance Gary Ting.

KUALA LUMPUR: Shares in KTI Landmark Bhd were unchanged as the Sabah-based integrated property developer made its trading debut on the ACE Market of Bursa Malaysia.

After 90 minutes of trading, the company’s stock valuation remained flat against the initial public offering (IPO) price of 30 sen a share with 19.47 million shares traded.