Topmix opens at 41 sen for 32.3% premium in debut on ACE Market

Total surface decorative products company Topmix Bhd today debuted on the ACE Market of Bursa Malaysia Securities with its share price opening at 41 sen, representing a premium of 32.3% over the issue price of 31 sen, on volume of 12.249 million shares.

Topmix managing director Teo Quek Siang said, “Today marks a pivotal milestone for Topmix as we embark on a new chapter of growth as a publicly listed company. The success of our initial public offering underscores our commitment to propel Topmix forward, solidifying our group’s position in the surface decorative products market.”

“MFC provides a cost-effective option for furniture carcasses, while complementing our existing HPL surface decorative products. This allows us to offer customers complete, colour-coordinated products at competitive prices,” he said. Recognising the growth potential in the central region, Teo said, they are committed to serving the expanding demand for their product applications in both residential and commercial properties.

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