TMD Energy debuts on NYSE American, first Malaysian bunker firm to list in US

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The Star 4h ago

TMD Energy debuts on NYSE American, first Malaysian bunker firm to list in US - The Star

Quick Summary:

KUALA LUMPUR: Integrated marine bunkering services provider TMD Energy Ltd began trading on the NYSE American under the ticker symbol "TMDE", becoming the first Malaysian marine bunker supplier to list on a major US exchange.

Proceeds from the IPO will be used for the purchase of cargo oil, defray listing expenses, working capital and other general corporate purposes.

TMD Energy said in a filing with Bursa Malaysia today that its share price opened at US$3.26 on its debut on Monday.