Author: harriettburris5

Haily Group Berhad debuts at 11 sen premium, 16.18% above IPO price

Haily Group Berhad (“Haily” or the “Group”) has debuted on the ACE Market of Bursa Malaysia Securities today with a sterling performance. At 9.00a.m., the Group’s shares opened at 79 sen, which was a 11 sen premium or 16.18% higher than its initial public offering (“IPO”) price of 68 sen per share, with the first traded volume recorded at 7,191,600 shares. Haily is principally a main contractor involved in building construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia, particularly Johor, and is also involved in the provision of rental of construction machinery. The Group’s IPO ... Read more