On the first day of listing, Zhengda Holdings had a strong premium of up to 68%
Today, it was listed on the first day of the Malaysian Exchange GEM. Seida Holdings (ZANTAT 0301) It got off to a good start. The first transaction was reported at 40 cents, a premium of 15 cents or 60% over the initial price of 25 cents.
The rise continued after Zhengda Holdings, with a maximum increase of 17 cents or 68% to 42 cents, which is a recent performanceMost powerful IPOs, the public sang for the good harvest of the lucky investors.
As of 4 p.m., Zhengda Holdings had risen 12 cents to 37 cents. A total of 86.74 million shares had been traded, making it the top of the hot list.
Ding Huadai (from left), Pu Lide, Zeng Zhijie, Zeng Hehui, Zeng Binyuan, Ye Yunguang, Yan Shengjian, Lima Ramona, and Chen Junyi took a group photo after the launch ceremony.
Zhengda Holdings is a manufacturer of high-quality calcium carbonate powder. It has been operating in Malaysia for 39 years and is one of the largest producers of high-quality calcium carbonate products in the region.
The company's largest market is India, with the domestic market ranking second.
Its largest customer source for calcium carbonate products is the plastic masterbatch manufacturing industry, followed by the rubber glove manufacturing industry, and PVC pipe and cable manufacturing.
The company will introduce functional calcium carbonate to customers engaged in plastic products, which is also part of environmental and social governance (ESG). The calcium carbonate developed by the company can reduce carbon emissions, reduce carbon footprint, and be more environmentally friendly.
Looking forward to the future, in the new global journey towards carbon neutrality, more and more companies will use more environmentally friendly bioplastics in order to meet EU import standards. Therefore, Zhengda Holdings will continue to move in the direction of carbon reduction and seek more development opportunities for downstream calcium carbonate products.
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