KUALA LUMPUR: Senheng New Retail Bhd debuted on the Main Market at 90 sen per share, which was 16% below its issue price of RM1.07, amid broad market weakness. The stock hit a high of RM1.04, but before ending the day at 85.5 sen, on a volume of 163.55 million shares. Executive chairman Lim Kim Heng said the timing of the consumer electrical and electronics( EE) retailer’s initial public offering( IPO) had coincided with the turmoil in global financial markets, caused by investor concerns about
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2022-01-26 00:00:00.0