iCents shares rise 20% on ACE Market debut

From left: iCents independent non-executive director Michelle Marie Maman, independent non-executive director Law Sang Thiam, independent non-executive director Lim Teng Hong, substantial shareholder Faye Khor Fei Yi, managing director Ong Mum Fei (Vincent), executive director Foo Siang Leng, executive director Tan Wei Ying, independent non-executive chairperson Lim Bee Vian, Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank Islamic capital markets head and senior vice-president of corporate finance Tee Kok Wah

KUALA LUMPUR: iCents Group Holdings Bhd commenced trading at a 20.83% premium as it made its debut on the ACE Market of Bursa Malaysia following a successful initial public offering (IPO).

As the buzzer signalled the start of trading, iCents' shares were traded at 29 sen each, five sen above their float price of 24 sen a share, with an opening volume of 13.59 million shares.