Ocean Fresh soars on ACE Market debut

(From left) KAF Investment Bank Bhd corporate finance director Yap Chin Fatt, chief executive officer Rohaizad Ismail, Ocean Fresh Bhd executive director Teo Chee Han, executive director Siang Hai Yong, substantial shareholder Tan Eng Aun, substantial shareholder Darmanto and executive director and head of operations Kee Wan Chum at the listing ceremony of Ocean Fresh on the ACE Market of Bursa Malaysia.

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 10.16am. It was the most active counter on Bursa Malaysia with 93 million shares traded.