From the left: M&A Securities Sdn Bhd head of corporate finance Gary Ting; Hextar Group of Companies group chief executive office Datuk Eddie Ong; Pekat Group Bhd managing director Chin Soo Mau; Pekat Group Bhd executive director Tai Yee Chee ; Pekat Group Bhd executive director Wee Chek Aik; M&A Securities Sdn Bhd managing director of corporate finance Datuk Bill Tan
PETALING JAYA: Solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist Pekat Group Bhd made a firm debut on the Ace Market of Bursa Malaysia yesterday, rising to a high of 93 sen.
It opened at 85 sen, or 52 sen above its offer price of 32 sen, and closed at 81.5 sen.
The shares were oversubscribed by 76 times after a total of 34, 963 applications for 2.5 billion shares were received from the public when it was opened for subscription from June 2 to 10.
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