China Star Food ends 26% above placement price

Singapore

CHINA Star Food, which started its Catalist trading on Wednesday following a reverse takeover and a compliance placement to lift its public float, ended 26 per cent above the placement price of 23 Singapore cents.

It opened trading at 23 cents to match the placement price, then rose to as high as 31.5 cents before closing the day at 29 cents. Some 24.6 million shares changed hands, putting it among the top 10 most actively traded.