Golden Destinations rises on ACE Market debut

(From left) Golden Destinations Group Bhd chief operating officer Charles Lim, chief financial officer Emily Chan, UOBKH capital markets managing director Tan Meng Kim, chief executive officer officer David Lim, Golden Destinations executive director and chief corporate officer Lim Swee Chuan, managing director Mita Lim, chairman Cheong Kee Yoong, director Chan Mun Shee, director Yeat Soo Ching and director Khoo Choon Keat at the listing ceremony of Golden Destinations on the ACE Market of Bursa Malaysia.

KUALA LUMPUR: Golden Destinations Group Bhd made its debut on the ACE Market of Bursa Malaysia yesterday, marking a milestone as the first travel business-to-business (B2B) company listed on an Asean stock exchange.

The company opened at 49 sen, for a four-sen premium over its initial public offering (IPO) price of 45 sen, with a volume of 15 million shares traded.