Strong debut for Westports on KL bourse

 

Kuala Lumpur: Westports Holdings leapt 8% in its market debut this morning.

Westports debuted on the Kuala Lumpur stock exchange with a market value of $2.9bn. 

Shares hit a high of RM2.71 in morning trading, up significantly from its RM2.50 IPO price. 

"Ships can come and go but the port business always survives so long as economies thrive," Westports chief executive officer Ruben Gnanalingam, whose family owns a 46.8% stake in the company, said in an interview with Reuters on Thursday.  [18/10/13]

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