KUALA LUMPUR: Mclean Technologies Bhd opened at 65.5 sen on Tuesday, May 10 when it made its debut on Bursa Malaysia.
This was a premium of 13.5 sen above its offer price of 52 sen. This was in contrast to the pre-market trade of 77.5 sen.
The warrants opened at 20.5 sen, up 20 sen.
RHB Research accorded Mclean Technologies a fair value 57 sen, based on 7.5 times FY11 earnings per share.
Its offer of 2.7 million new shares offered to the public under its listing exercise at 52 sen each was oversubscribed by'' 100.49 times.
Mclean is mainly involved in precision cleaning and washing solutions for various components as well as plastic injection moulding for the hard disk drives (HDD) and automotive industries.
This was a premium of 13.5 sen above its offer price of 52 sen. This was in contrast to the pre-market trade of 77.5 sen.
The warrants opened at 20.5 sen, up 20 sen.
RHB Research accorded Mclean Technologies a fair value 57 sen, based on 7.5 times FY11 earnings per share.
Its offer of 2.7 million new shares offered to the public under its listing exercise at 52 sen each was oversubscribed by'' 100.49 times.
Mclean is mainly involved in precision cleaning and washing solutions for various components as well as plastic injection moulding for the hard disk drives (HDD) and automotive industries.
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