Farm Recent jumps 26% on debut

KUALA LUMPUR: Farm Recent Bhd opened at RM1.70 this morning with a gap quantity of 27.2 million shares.

That is an virtually 26% premium over its preliminary public providing (IPO) reference worth of RM1.35.

The itemizing with a market capitalization of RM2.5bil is the biggest IPO on the Bursa Malaysia since June 2021 with its fundamental backer being Khazanah Nasional Bhd.

“We’re very proud and happy with the opening worth – we’re very excited for what’s forward.

“The important thing right here is that with the type of market expectations and endorsements it will be important that our workforce continues to work exhausting to make sure that the boldness in us won’t be misplaced,” its group managing director and group chief govt officer Loi Tuan Ee instructed a press convention.

Loi mentioned that he desires to make sure that investments made by its shareholders into the corporate should be a “rewarding expertise.”


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