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Malaysia timber firm Jawala makes Catalist debut

Its shares opens at 26.5 Singapore cents; IPO closes with public offer tranche subscribed 18.5 times

Singapore

MALAYSIAN sustainable timber company Jawala Inc made its trading debut on the Catalist board of the Singapore Exchange at 2pm on Friday.

Its shares opened at 26.5 Singapore cents - up slightly from the initial public offering (IPO) price of 25 Singapore cents - apiece.

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