UUE Holdings makes ACE Market debut at 175% premium


From left: UUE Holdings Bhd independent non-executive director Ng Lee Thin, UUE independent non-executive director Goh Lei Lei, UUE executive director/chief financial officer Vincent Wong, UUE executive director Hin Wai Mun, UUE chairman Lee Chye Tee, UUE managing director Datuk Dr Kenny Ting, UUE executive director Chong Tuoo Choi, UUE independent non-executive director Latha Pillay, M & A Equity Holdings Bhd Datuk Bill Tan, M & A Securities Sdn Bhd deputy head, corporate finance Rachel Ho and M & A Securities head, corporate finance Gary Ting.

KUALA LUMPUR: UUE Holdings Bhd made a strong debut on the ACE Market, opening at 66 sen per share or 175% over its initial public offering price (IPO) of 24 sen per share.

The underground utilities engineering solutions provider raised a total of RM29.98mil through the public issue of 124.9 million new ordinary shares priced at RM0.24 per share.

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UUE , IPO , Bursa Malaysia , ACE Market , Lee Chye Tee

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