Ocean Fresh makes strong debut on ACE Market

From left: KAF Investment Bank Bhd corporate finance director Yap Chin Fatt, KAF Investment Bank CEO Rohaizad Ismail, Ocean Fresh Bhd executive director Teo Chee Han, Ocean Fresh executive director Siang Hai Yong, substantial shareholder Tan Eng Aun, substantial shareholder Darmanto and Ocean Fresh executive director/head of operations Kee Wan Chum.

KUALA LUMPUR: Ocean Fresh Bhd made a strong debut on the ACE Market of Bursa Malaysia, opening at 85 sen per share, 204% above its initial public offering (IPO) price of 28 sen.

The frozen seafood processor and trader rose 187.50%, or 52.5 sen to 80.5 sen at 10.16 am. It is currently the most active counter on Bursa Malaysia with 93 million shares traded.