PMCK makes steady ACE Market debut, opens 2.3pct above IPO price
The stock opened at 22.5 sen and touched a high of 23.5 sen in early trade. It was the most actively traded counter with over 36 million shares changing hands.
The IPO entails a public issue of 272.6 million new shares, along with an offer for sale of 32.7 million existing shares via private placement.
The company, which provides a range of specialist and outpatient healthcare services, raised RM59.97 million from its IPO exercise to fund the expansion of its medical facilities, acquisition of medical equipment and working capital.
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PMCK makes steady ACE Market debut, opens 2.3pct above IPO price
KUALA LUMPUR: Private healthcare provider PMCK Bhd made a steady debut on the ACE Market of Bursa Malaysia, opening half a sen or 2.3 per cent higher from its initial public offering (IPO) price of 22 sen. The stock opened at 22.5 sen and touched a high of 23.5 sen in early trade. It was the most actively traded counter with over 36 million shares changing hands. The IPO entails a public issue of 272.6 million new shares, along with an offer for sale of 32.7 million existing shares via private placement. The company, which provides a range of specialist and outpatient healthcare services, raised RM59.97 million from its IPO exercise to fund the expansion of its medical facilities, acquisition of medical equipment and working capital.
