SOLID Automotive Bhd was listed on Bursa Malaysia on 12/9/13 with a premium of 8 cents, jump from its IPO price of RM0.56 to closes at RM0.64. A 14% gained.
A 110 million shares were traded for the counter, making it the highest traded stock in Bursa Malaysia yesterday.
The shares was traded ranging from low of RM0.585 to the day highest of RM0.685.
The IPO was oversubscribed by 9.83 times for Malaysia public portion. It attracts a total of 4,100 applications for 81 million SOLID Automotive shares amounting to RM45 million. There are only 7.5 million new shares available for public subscription.
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