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.

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