Steel Hawk jumps 100% on ACE Market debut

Stellar opening: (From left) Independent non-executive director of Steel Hawk Zariner Ismail, independent non-executive director Haslinda Hussein, executive director and CEO Salimi Khairuddin, Sharman, non-executive chairman Tan Sri Acryl Sani Abdullah Sani, independent non-executive director Tengku Saifan Rafhan Tengku Putra and CEO of UOB Kay Hian Securities (M) David Lim Meng Hoe.

KUALA LUMPUR: Oil and gas services and equipment provider, Steel Hawk Bhd has successfully transferred its listing to the ACE Market of Bursa Malaysia from the LEAP Market.

Its share price closed its first trading day at a premium of 130% or 19.5 sen at 34.5 sen. Steel Hawk’s shares debuted at 30 sen, with a premium of 100% over the issue price, with an opening volume of 6.49 million shares.