Wednesday, May 18, 2011

Ideal Jacobs sees first Buy order at 50 sen

KUALA LUMPUR: Labels maker Ideal Jacobs (M) Corporation Bhd is expected to make a strong debut on the ACE Market on Wednesday, May 18.

The first premarket transaction saw a buy order at 50 sen, which is 23 sen above its offer price of 27 sen.

Ideal Jacobs was incorporated in Malaysia by a US-based holding company with local Malaysian shareholders. Ideal Jacobs' subsidiaries are Ideal Jacobs (Xiamen) Corporation and Ideal Jacobs Corporation (Thailand) Ltd.

The group manufactures industrial labels and nameplates, as well as laser/die-cut products. Their secondary business is in the fabrication of plastic parts.

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