Business Times – MISC subsidiary closes nearly 25% up on debut


Dateline 2010-10-30:

MALAYSIAN Marine & Heavy Engineering Holdings (MMHE) made an impressive debut on the stock exchange yesterday, rewarding retail subscribers of its shares with a hefty gain of almost 25 per cent.

Given the company’s stellar first-day performance, investor interest in the impending listing of Petronas Chemicals Group – the next Petronas unit slated to float its shares this year in Malaysia’s biggest IPO offering – is bound to be magnified.

Retail and institutional investors had subscribed for MMHE’s public offer at RM3.61 (S$1.50) and RM3.80 per share respectively. The closing price yesterday was RM4.51.

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This entry was posted on Sunday, October 31st, 2010 at 7:24 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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