KUALA LUMPUR: Kawan Renergy Bhd surged as much as 61 per cent to its issue price on its debut on the ACE Market of Bursa Malaysia Securities Bhd. in morning trade.
As at midday break it settled 55 per cent higher at 46.5 sen, with some 127.9 million shares changing hands. It was the second most actively trade stock.
Kawan Renergy specialises in engineering solutions, focusing on designing, fabricating, installing, and commissioning of industrial process equipment, process plants, renewable energy, and co-generation plants tailored to its clients' requirements.
The company primarily caters to the specific needs of its clients by delivering comprehensive services in these areas.