LIMAHSOON opens at RM1.08 offer price
The Edge, 22 July 2004
LIMAHSOON Bhd made a flat debut on the Second Board of Bursa Malaysia, opening at its offer price of RM1.08 on July 22.
At the opening bell, there were 787,000 shares done. Within the first 30 minutes of trade, there were 5.26 million shares transacted at prices ranging from RM1.08 to RM1.12.
At 9.30am, it was trading at RM1.09, or one sen above the offer price.
Its public issue of six million shares of 50 sen each at RM1.08 apiece was oversubscribed 18.41 times.
Mayban Securities had accorded a fair value of RM1.18 to LIMAHSOON, which is an integrated manufacturer of laminated boards, finger-joint panels, furniture components, flooring strips and other rubberwood products.
Link captured from: www.theedgedaily.com
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