PETALING JAYA: The ACE Market’s newest entrant CEKD Bhd will channel the proceeds from its initial public offering (IPO) to expand its operations and client base.
The manufacturer and solutions provider of die-cutting moulds made a strong debut yesterday at 60 sen, representing a 12-sen or 25% premium over its IPO price of 48 sen per share.
“We are very happy with the successful listing of CEKD and also the recognition from the market. We are also happy to note of the oversubscription rate for our shares as well,” the company’s managing director Yap Kai Ning said at a press conference following its listing ceremony yesterday.
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