Hot stock: Capital World slips on post-RTO Catalist debut

MALAYSIAN property developer Capital World made its debut on Singapore Exchange's junior board, Catalist, on Friday morning, with its shares opening at S$0.198 apiece.

The Johor-based company has a market value of more than S$250 million and is developing a shopping mall in Johor Baru called Capital 21, the bourse said in a press release.

As at 9.48am, the counter had dropped 5.1 per cent or one Singapore cent to S$0.186 on 7.4 million shares traded.

Capital World listed by a reverse takeover (RTO) of Terratech Group.