MSM Malaysia Holdings Berhad Initial Public Offerings Closing Today | MSM IPO
MSM Malaysia Holdings Berhad Initial Public Offerings(IPO) is Closing Today at 5pm.
Have you apply for one?
I’m sure some of you have heard the horror stories about applying for IPO.
The most recent case was the IPO of the Mobile virtual network operator, XOX Group Bhd.
Those who succesful applied for this IPO have to Cancel their Shark Fins or Lobster Lunch Booking for that afternoon when the counter was first day traded in ACE market of Bursa Malaysia on Friday.
The counter,XOX, closed 28 sen down to 52 sen, which was 35% lower than its initial offer price of 80 sen making it the biggest loser of the day with 31.82 million shares traded.
What puzzle me was why the XOX Bhd’s announcement of a RM1.66 Million loss was announce on the eve of the stock debut on ACE market.
Who want to invest into a losing money counter given there are plenty more oppurtunity in other blue chip counters?
Anyway, I believe MSM Malaysia Berhad would be different. Nobody will known until it was listed.
New IPO: Malayan Sugar Manufacturing
Share Issue Number : 641
Share Name : MSM Malaysia Berhad
Opening Date : 2 June 2011
Opening Time : 9:00 a.m
Closing Date : 13 June 2011
Closing Time : 5:00 p.m
Unit Price : RM3.38
Happy Investing!