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Binasat debuts on ACE Market with 30.4% premium

Mimi Sabreena 4:05:00 PM Informasi

KUALA LUMPUR (Jan 8): Telecommunication support service provider Binasat Communications Bhd - the first company to debut on Bursa Malaysia this year - opened at a 30.4% premium over its initial public offering (IPO) price on the ACE Market today.

The offering drew significant interest with an oversubscription rate of 34.23 times, with a total of 10,465 applications for 458.02 million shares received from the Malaysian public for the 13 million shares made available.

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