UOA Devt's 56,000 shares crossed at RM1.50

KUALA LUMPUR (Dec 28): UOA Development Bhd saw 56,000 of its shares crossed at RM1.50 apiece on Wednesday, stock market data showed.

At RM1.50, it was 14 sen above the market price of RM1.36.

Shares of UOA Development were unchanged at RM1.36 at 3.52pm. There were 1.08 million shares transacted at prices ranging from RM1.35 to RM1.37.

In the morning session, there were 14.45 million shares crossed at an average price of RM1.36. The stake represented 1.2% of its paid-up share capital of 1.195 billion shares.

UOA Devt dn 10c in late trade to RM2.50

KUALA LUMPUR: Shares of UOA Development Bhd, which made its trading debut on Wednesday, June 8, fell in active trade, slumping to a low of RM2.50.

At 3.33pm, it was down 10 sen to RM2.50 with 56.85 million shares done. The institutional price was RM2.60 and the final retail price at RM2.52 after the book-building exercise.

The FBM KLCI was up 1.03 points to 1,552.92. Turnover was 603.87 million shares valued at RM957.06 million. There were 327 gainers, 316 losers and 315 stocks unchanged.

Based on its institutional strike price of RM2.60 ('Institutional Price'), it has a market capitalisation of RM3.10 billion.

The initial public offering was the largest IPO in Southeast Asia in this year to date and has raised RM876.2 million from local and international institutional investors and RM176.4 million from retail investors.

The retail offering was oversubscribed by 3.40 times and was priced at RM2.52, a 3.00% discount to the Institutional Price.

'This reflects the confidence of the investing community in UOA Development's integrated property development business,' the company said.