Volcano Bhd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Volcano ‘erupts’ on ACE Market 06 Apr 2021 / 19:45 H. KUALA LUMPUR: Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, closed at 48.5 sen on its maiden trading day on Bursa Malaysia’s ACE Market yesterday, a 36.8% or 13.5 sen premium over its offer price of 35 sen with 104.46 million shares changing hands. Earlier in the trading session, the counter hit a high of 70.5 sen, slightly more than double of its offer price. Executive director and chief financial officer Khoo Boo Wui said proceeds from the listing will be used to accelerate the co...

From left: Volcano executive director and CFO Khoo Boo Wui, executive director Gan Yew Thiam, managing director, Datuk Ch'ng Huat Seng, executive director Yeap Guan Seng and executive director Datuk Wong Tze Peng KUALA LUMPUR: ACE Market debutant Volcano Bhd opened at 70 sen a share on Bursa Malaysia, double its offer price of 35 sen, on heavy trading volume. The counter rose to as high as 70.5 sen a share before easing to 49.5 sen at 10.30am, which was 14.5 sen or 41.43% over its reference price. There was strong support for the share with some 83.62 million shares exchanging...

KUALA LUMPUR (April 6): Shares in nameplates and plastic injection moulded parts manufacturer Volcano Bhd jumped as much as 101% during early trade to hit an intraday high of 70.5 sen, marking a strong debut on Bursa Malaysia’s ACE Market.  The stock, which jumped right to 70 sen after the opening bell – double that of its Initial Public Offering (IPO) price of 35 sen – subsequently pared some gains to close the day at 48.5 sen, still 13.5 sen or 38.57% above its issue price.   In a statement earlier, Volcano highlighted that its IPO was oversubscribed by 176.6 times. It intend...

17 Mar 2021 / 09:31 H. Group will also expand its factory in Rayong, Thailand to further grow their presence in the E&E and automotive industries in the country. PETALING JAYA: Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is aiming to raise RM8.75 million from its ACE Market IPO. The IPO involves a public issue of 25 million IPO shares and an offer for sale of 35 million shares at the issue price of 35 sen per share, entailing 8.25 million new shares will be available for application to the Malaysian public, 8.25 million new shares allocate...

KUALA LUMPUR (March 16): Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is seeking to raise RM8.75 million from its initial public offering (IPO). In a statement, it said the group plans to utilise RM5.55 million from the proceeds for machinery and equipment purchase, while RM3.2 million is allocated for listing expenses. The company today launched its prospectus for the listing exercise on Bursa Malaysia’s ACE Market, which involves a public issue of 25 million shares and an offer for sale of 35 million shares at an issue price of 35 ...