Kuala Lumpur – According to a news report by Malaysia’s The Star, Astro Malaysia Holdings Bhd. shares dropped to its lowest closing point yesterday since it was re-listed three weeks ago on October 19. The company closed at RM2.65 and is now down 11.7% from its initial public offering (IPO) price of RM3. At present, it is unclear which parties have been selling down shares of Astro. So far, there has been no news of major shareholders selling off their stakes and no filings have been … [Read more...] about Astro shares continue downward trend
Bursa Malaysia
Astro Malaysia debuts on Bursa Malaysia
Kuala Lumpur, Malaysia – Astro Malaysia Holdings Berhad (Astro Malaysia) has listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) under the “Trading/Services” sector. The market capitalisation of Astro Malaysia, based on the initial public offering (IPO) price of RM3.00 per share, was RM15.6 billion. Total amount of funds raised is approximately RM4.6 billion, of which the amount raised by the company is RM1.4 billion. Total demand for the … [Read more...] about Astro Malaysia debuts on Bursa Malaysia
