Newly-listed DPI tops active list at mid-morning

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KUALA LUMPUR (Jan 7): DPI Holdings Bhd (DPI), which made its debut on the ACE market of Bursa Malaysia this morning, was the most actively traded counter on the local bourse at mid-morning today.

Its shares shot up as much as 40% this morning to 35 sen, from its initial public offering price of 25 sen. At 11.24am, DPI was trading up 2.5 sen (10%) to 27.5 sen, with 93.5 million shares changing hands.

The company, which is headquartered in Johor, is involved in the development, manufacturing and distribution of aerosol products for the automotive industrial and household markets, under its own brand names "DPI", "Anchor" and "Kromoto".

It also provides solutions for paint and lubricant formulation, raw and packing materials as well as aerosol packaging, under its private label manufacturing services.