MYMBN flies high with 33% premium on ACE Market debut

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

MYMBN flies high with 33% premium on ACE Market debut FMTNews FMTBusiness

PETALING JAYA: Bird’s nest processing company MYMBN Bhd made a strong debut on Bursa Malaysia’s ACE Market today, with its shares opening at 28 sen, a 33.33% premium over its initial public offering price of 21 sen.

An additional 18.68 million shares made available to eligible directors and employees of MYMBN were also fully subscribed. MYMBN expects to raise RM20.58 million from its IPO via the issuance of 98 million shares at 21 sen per share, according to its filing with Bursa Malaysia. Additionally, RM1.25 million has been allocated to expand the processing and selling of raw, clean edible bird nests, RM2.05 million is set aside for working capital while the remaining RM3 million is earmarked for listing costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Traders affected by Larkin Market fire to get RM5,000 eachJOHOR BARU: Traders operating the four shops damaged in the Larkin Market fire on Sunday (July 23) morning will receive RM5,000 in aid each, says Mohd Hairi Mad Shah.
Source: staronline - 🏆 4. / 75 Read more »

Fire razes four shops in Johor’s Larkin MarketJOHOR BARU: Four shops at the Larkin Market here were destroyed by a fire that broke out early Saturday (July 23) morning.
Source: staronline - 🏆 4. / 75 Read more »

Communications & multimedia industry contributes 8.1% to Bursa Malaysia's market capPUTRAJAYA: The communications and multimedia (C&M) industry plays a prominent role in the economic landscape of Bursa Malaysia, as it accounts for app...
Source: theSundaily - 🏆 25. / 51 Read more »