KUALA LUMPUR: Mclean Technologies Bhd is expected to make a strong debut on Bursa Malaysia on Tuesday, May 10
Pre-market trades showed orders for the shares at 77.5 sen, which is 25.5 sen above its offer price of 52 sen at 8.35am
Its warrants are expected to open at 30.5 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.
Pre-market trades showed orders for the shares at 77.5 sen, which is 25.5 sen above its offer price of 52 sen at 8.35am
Its warrants are expected to open at 30.5 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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