Eindec closes 21.4% higher than IPO price on first trading day

Singapore

ENVIRONMENTAL and technological solutions provider Eindec Corporation Ltd's debut on the Catalist got off to a positive start on Friday, shielded from the effects of the global markets meltdown and a weaker Straits Times Index (STI).

Eindec's counter closed at S$0.255, which was 21.4 per cent higher than the initial public offering price (IPO) of S$0.21. More than 7.5 million shares changed hands.

The stock had opened at S$0.235 before …