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KUALA LUMPUR: Piling and foundation specialist Aneka Jaringan Holdings Bhd made a firm debut in the ACE market on Tuesday, opening at 35 sen, which was two sen above its 33 sen offer price.
At 9:03 a.m. M., was trading at 34.5 sen, an increase of 1.5 sen. 17.71 million shares were traded at prices ranging from 32 sen to 35 sen.
The FBM KLCI rose just 0.04 points to 1,518.35. 511.35 million shares valued at RM201.19 thousand were traded. There were 178 winners, 163 losers, and 319 unchanged counters.
Its offer of 26.90 million shares to the public was exceeded 12.68 times. There were 9,094 requests for 368.07 million shares from the public for the shares.
The IPO involved the issuance of 139.89 million new shares at 33 sen each.
Of the RM46.16 thousand in total revenue, RM17.30 thousand will be used to purchase rotary drilling rigs and crawler cranes. The remainder will be used to repay loans (RM 24.26 million) and to cover IPO expenses (RM 4.60 million).
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