UOA Dev falls on KL listing debut
Published: 2011/06/08
UOA Development Bhd, a Malaysian developer, fell below the issue price paid by institutional investors in its debut on the Kuala Lumpur stock exchange.
The stock fell 1.2 per cent to RM2.57 at 9:04 a.m. local time.
The company sold shares to institutions at RM2.60 each in its initial public offering.
The offer was priced at a discounted RM2.52 per share for individual investors. -- Bloomberg
p/s: terkenan Tambun Indah gamaknya..