UMediC opens 18 sen above IPO price in debut on ace market

UMediC opens 18 sen above IPO price in debut on ace market

PETALING JAYA: UMediC Group Bhd (UMC) made its debut on the ACE Market of Bursa Malaysia Securities today at 50 sen for an 18 sen or 56.25% premium over its initial public offering (IPO) price of 32 sen with an opening volume of 11.14 million shares. UMC raised RM31.1...
UMediC shares oversubscribed

UMediC shares oversubscribed

PETALING JAYA: ACE Market bound UMediC Group Bhd’s shares offered to the public were oversubscribed by 46.81 times while the shares offered via private placement was fully placed out. In an exchange filing, UMediC stated the bumiputra portion was oversubscribed by...