3REN climbs 20% on ACE Market debut

Quick Summary:

KUALA LUMPUR: Automation solutions and engineering services provider 3REN Bhd opened 19.6% higher on the ACE Market following a successful initial public offering (IPO) that raised RM30.8mil.

The remainder of the proceeds will go towards repaying borrowings and listing-related expenses.

The share opened for trading at 33.5 sen, a 5.5 sen increase over its IPO price of 28 sen.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Stock on the Move Debut Bursa Malaysia Engineering Automation ACE Market Listing /Business/Business News 3REN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 10:32:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 150 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23440301

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Official Website: thestar.com.my

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