Camaroe sets sights on China growth

From left: Tan Yiing Fung, Independent Non-Executive Director, Camaroe; Kho Zhen Qi, Independent Non-Executive Director; Seah Cheong Wei, Independent Non-Executive Director; Low Saw Cheng, Executive Director; Teoh Han Boon, Managing Director; Datuk Zainal Azman Abu Seman , Independent Non-Executive Chairman; Datuk Bill Tan, Managing Director, Corporate Finance, M & A Securities; Datuk Sri Chee Hong Leong; Executive Director of M & A Equity Holdings Bhd; Danny Wong, Deputy Head of Corporate Finance, M & A Securities

KUALA LUMPUR: ACE Market debutant Camaroe Bhd is setting its sights on capacity expansion and international growth, especially in China, following its successful listing.

At 9am, the company made its debut on the ACE Market of Bursa Malaysia at 16 sen, a premium of two sen over its initial public offering price of 14 sen, with 22.04 million shares traded.

At 5pm, Camaroe closed up one sen to 15 sen with 92.73 million shares traded.

Managing director Teoh Han Boon said the group will remain focused on building and expanding its capacity with a new plant in Bukit Raja, as well as strengthening its in-house biotechnology department.

“We remain focused on China’s market, where we continue to see increasing demand,” he said during a virtual press conference on the company’s listing yesterday. — Bernama