Impressive start for Eversafe

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KUALA LUMPUR (April 21): Eversafe Rubber Bhd had an impressive start on the ACE Market of Bursa Malaysia this morning.

At 9.12am, Eversafe jumped 16.67% or 6 sen to 42 sen with 37.66 million shares traded.

The company is involved in the development, manufacturing, and distribution of tyre retreading materials and tyre retreading operations, operating across the value chain.

It raised about RM17.28 million from its initial public offering, which will be mostly spent on upgrading its facility in Ipoh, Perak