Kronologi Asia active, up on Ace Market debut

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KUALA LUMPUR (Dec 15): New Ace Market listing Kronologi Asia Bhd was actively traded on its debut on Monday and rose, despite the overall weaker market sentiment.

At 9.03am, Kronologi Asia rose two sen to 31 sen with 3.13 million shares traded.

Kronologi Asia is an enterprise data management specialist

The initial public offering of Kronologi involved a public issue of 59.247 million new 10 sen shares.

The public issue comprised of 4.739 million shares for Malaysian public while 7.109 million shares would be for directors, employees and persons who have contributed to the success of Kronologi group.

It would also place out 47.398 million shares to identified investors. 

Meanwhile, the FBM KLCI fell 21.76 points to 1,711.23