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