Pacific Star Dev makes strong debut

Singapore

PACIFIC Star Development, the new entity that emerged from a reverse takeover (RTO) of LH Group, closed its debut trading on the Singapore Exchange (SGX) Catalist board on Thursday at 30 Singapore cents.

This was up 13.2 per cent from an effective pre-trading price of 26.5 Singapore cents based on a placement and a new-share consideration price of 80 Singapore cents and a one-into-three stock split. Some 1.14 million shares changed hands.