NovelPlus CEO, Crystal Lai, said the group is now in a better position to focus on new business expansion and pursue growth opportunities. NovelPlus is an online social reading and writing platform developer and operator.
KUALA LUMPUR: NovelPlus Technology Bhd, an online social reading and writing platform developer and operator, made a strong debut on the LEAP Market on Thursday.
It opened at 25 sen, or 10 sen above its offer price of 15 sen.
At 9.38am, it was trading at 28 sen, up 13 sen. There were 55, 200 shares done at prices ranging from 23 sen to 28 sen.
According to its press statement, the group has an e-book library comprising over 37, 000 published novels in Bahasa Melayu and Bahasa Indonesia with an ecosystem comprising over 2.1 million users, of which about 10, 000 are registered as writers and the rest are readers.