KUALA LUMPUR: Ecoscience International Bhd (Ecoscience) made its debut on the ACE Market of Bursa Malaysia today at 29 sen, a discount of one sen from its initial public offering (IPO) price of 30 sen.
PETALING JAYA: Ecoscience International Bhd is confident the expansion of downstream activities by Indonesian oil palm companies will underpin its plan to expand its operations there.
Despite the lacklustre stock market performance in the first half of the year, qualified companies have not been too discouraged from listing given that initial public offerings (IPOs) remain fairly numerous. But more encouraging has been the performance of some of the newcomers as a number of them have vastly outperformed the benchmark index.