KUALA LUMPUR: Panda Eco System Bhd made it debut on the ACE Market of Bursa Malaysia at 29 sen a share, a 13 sen or 81.25% premium to the initial public offering (IPO) price of 16 sen a share.
Shares in the home-grown retail management solutions provider recorded an opening volume of 24.85 million shares, which put it at the top of the active trading table.
At the close yesterday, the share price settled at 26 sen, giving it a market capitalisation of RM174.5mil. During the listing ceremony, executive director and chief executive officer Lo Chee Wee said retailers must embrace technology and implement robust solutions to enhance their operations to remain relevant.
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