KUALA LUMPUR: Shares in KTI Landmark Bhd were unchanged as the Sabah-based integrated property developer made its trading debut on the ACE Market of Bursa Malaysia.
After 90 minutes of trading, the company’s stock valuation remained flat against the initial public offering (IPO) price of 30 sen a share with 19.47 million shares traded.
The tepid response from investors comes after KTI had successfully raised RM48mil from its IPO exercise to partly fund its acquisition of development land for RM18mil.
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