EWI makes firm debut, mulls over redevelopment of Guoco Group's UK assets (Amended)

Kuala Lumpur

ECO World International Bhd (EWI) made its debut on the main board of Bursa Malaysia with a 9 per cent premium on Monday, riding on a market rally fuelled in part by the return of foreign funds in the first quarter.

Profit taking saw EWI close at RM1.28 over its retail price of RM1.20 a unit, while its warrants added 30 sen to 30.5 sen. Pursuant to its listing which raised RM2.6 billion (S$821 million), shareholders received two free warrants for every five shares held in the property developer.