Kitacon lists at strong 45.6% premium

TheStar Wed, Jan 18, 2023 12:00am - 1 year View Original


Kitacon closed at 75 sen yesterday. It was the most actively traded stock with 156.70 million shares traded.

PETALING JAYA: Kumpulan Kitacon Bhd, which debuted on the Main Market of Bursa Malaysia with a premium of 45.6% yesterday, is looking to grow its revenue back to pre-pandemic levels of over RM550mil.

Kitacon, a G7 licence holder that allows it to tender for construction projects of unlimited value, made a strong debut on the Main Market at 99 sen per share, 31 sen higher over its initial public offering price of 68 sen.

Kitacon closed at 75 sen yesterday. It was also the most actively traded stock with 156.70 million shares traded.

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