Solar District Cooling Group Bhd made a strong debut on the ACE Market on Thursday, with its shares surging 32% as investors rushed to buy into the building management systems company. The stock opened at 50 sen, up from its initial public offering (IPO) price of 38 sen per share.
The stock climbed to a high of 56 sen and was trading at 52.5 sen at 9:10 am, giving the company a market capitalization of RM222.5 million. Trading volume reached 60.2 million shares in early trade, reflecting high investor interest in the company.
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