KUALA LUMPUR: MYMBN Bhd made its debut on the ACE Market of Bursa Malaysia Securities Bhd at a 33 per cent premium to its initial public offering (IPO) price of RM0.21 today.
As at 11.33am, the company's share price was trading at 27 sen.
In a statement released today, Chairman Liw Chong Liong said the company has come a long way and has successfully become the first bird's nest processor to be listed on the ACE Market.
"In recent years, we have witnessed a significant surge in the demand for Malaysian-produced edible bird's nest (EBC) not only within our domestic market but also on a global scale, particularly in countries such as the PRC and Vietnam."We have thus laid out several initiatives to capitalise on this promising outlook of our industryand to grow our customer base in both the local and regional markets," he said.