Leong Hup makes firm debut amid cautious market

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KUALA LUMPUR: Leong Hup International Bhd made a firm debut on Thursday, opening at RM1.12 which was two sen above its offer price of RM1.10 amid a cautious market.

The FBM KLCI was down 3.25 points or 0.2% to 1,608.18. Turnover was 138.03 million shares valued at RM106.01mil. There were 127 gainers, 81 losers and 145 counters unchanged.

He said throughout the four decades of being in this business, the group has established a good reputation within our industry, built on the foundation of several key strengths. The decision to list the company in Malaysia and the overwhelming demand for its IPO clearly validates its decision, he said.

 

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