3REN climbs 20% on ACE Market debut

From left: 3REN independent non-executive director Teresa Tan Siew Kuan, independent non-executive director Joyce Wong Ai May, independent non-executive director Ahmad Khairuddin Abdul Rahim, executive director and CEO Koh Dim Kuan, non-independent non-executive chairman Datuk Boonler Somchit, non-independent non-executive director Mohammad Hazani Hassan, independent non-executive director Hanita Othman, Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar, KAF Investment Bank Bhd CEO Rohaizad Ismail, deputy CEO Thariq Usman Ahmad and Bursa Malaysia director of corporate strategy Aina Zahari

KUALA LUMPUR: Automation solutions and engineering services provider 3REN Bhd opened 19.6% higher on the ACE Market following a successful initial public offering (IPO) that raised RM30.8mil.

The share opened for trading at 33.5 sen, a 5.5 sen increase over its IPO price of 28 sen, on opening volume of 11.7 million shares.