Orkim opens unchanged at 92 sen on Main Market debut

From left: Lynette Yeow Su-Yin, Independent Non-Executive Director, Orkim; Zuhaida Zulkifli, Independent Non-Executive Director; Datuk Azman Ismail, Senior Independent Non-Executive Director; Datuk Abdul Hamid Sh Mohamed Chairman; Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II; Captain Cheah Sin Bi, Chief Executive Officer, Orkim; Aliff Omar Mohamad Omar, Non-Independent Non-Executive Director; and Nasmiza Ismail, Independent Non-Executive Director

PETALING JAYA: Clean petroleum product (CPP) tanker operator Orkim Bhd’s shares opened flat at 92 sen, matching its initial public offering (IPO) price on its debut on the Main Market of Bursa Malaysia. 

Through the issuance of 100 million new shares, Orkim raised RM92mil, of which 87% or RM80mil will be channelled towards the acquisition of two new chemical and petroleum product tankers under its fleet expansion and modernisation programme.