F&B SPAC Red Sena falls on debut

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KUALA LUMPUR (Dec 10): Red Sena Bhd, a special purpose acquisition company (SPAC) specialising in food and beverage businesses fell on its debut on Bursa Malaysia today.

At 9am today, Red Sena fell 11 sen to 39 sen with 7.19 million shares traded.

A SPAC has no revenue-generating assets at the time of listing.