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Haily rises past 80 sen from 68 sen IPO price on Bursa debut

The Edge logoThe Edge 21/7/2021 Chong Jin Hun
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KUALA LUMPUR (July 21): Haily Group Bhd’s share price rose past 80 sen in Bursa Malaysia morning trade today from the builder’s initial public offering (IPO) price of 68 sen in conjunction with the company’s listing on the ACE Market.

At 9.03am, Haily shares were traded at 80.5 sen after being transacted between 76 sen and 81.5 sen so far.

At the IPO price of 68 sen, Haily had a market capitalisation of about RM121.26 million based on the company’s expanded number of issued shares of 178.32 million.

The IPO involved a public issue of 30 million new shares and offer for sale of 18 million existing shares in the company at 68 sen each.

More to come

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