Powertechnic debuts on ACE Market at 40 sen


From left: Eileen Su Lee Ming, Independent Non-Executive Director of Powertechnic; Law Lee Yen, Independent Non-Executive Director; Razi Abdullah, Independent Non-Executive Director; Ivan Na Keh Chai, Managing Director; Teh Kee Sin, Independent Non-Executive Chairman; Choo Chee Yong, Executive Director; Ku Mun Fong, Head of Corporate Finance of TA Securities; and Datuk Hamzah Mohd Tahir, Executive Director of Dealing.

KUALA LUMPUR: Powertechnic Group Bhd made its debut today on the ACE Market of Bursa Malaysia at 40 sen, a five sen or 14.29%premium to its initial public offering (IPO) price of 35 sen.

In a statement, Powertechnic said the IPO raised approximately RM22.05mil through the issuance of 63 million new shares.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asian stocks set for strongest annual jump in eight years on AI bets
China's factory activity edges back to growth in December, private PMI shows
Oil slips as Brent heads for longest stretch of annual losses in 2025
Bursa Malaysia poised to wrap 2025 on a multi-year high
Ringgit opens higher as US$ slips after FOMC minutes
Trading ideas: Genting, Sunview, Apex Healthcare, Cypark, Citaglobal, HeiTech Padu, Insas, Propel Global, Solar District, TT Vision, UEM Sunrise
S&P 500, Nasdaq end down in holiday-thin trade
Sunview unit takes over solar plant for RM70mil
Meta to acquire Chinese AI�startup firm
Cypark redeems RM235mil sukuk early

Others Also Read