Fertiliser producer Cropmate rises 22.5% on ACE Market debut

From left: Hong Leong Investment Bank Bhd head of equity market Phang Siew Loong, Cropmate financial controller Ian Siah Jun Ren, independent non-executive director Yeo Shu Pin, sales and technical director Leong Fo Seong, independent non-executive chairman Wayne Lau Yoon Kwai, managing director Lee Chin Yok, non-independent executive director Lee Cheng Seng, non-independent executive director David Lee Cheng Fei, independent non-executive director Tengku Faradiza Tengku Baharuddin, Hong Leong Investment Bank corporate finance co-head Shim Choon Lim and ECM acting head Suzanne Leong Sook Ling

KUALA LUMPUR: Shares in fertiliser manufacturer Cropmate Bhd commenced trading on the ACE Market of Bursa Malaysia with a 22.5% premium over its initial public offering (IPO) price

The company, which specialises in the blending of conventional and speciality fertilisers, opened 4.5 sen higher from its reference price at 24.5 sen a share.