Oiltek shares close 13% above IPO price on debut
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Singapore
THE counter of Oiltek International rose as much as 23.9 per cent above its initial public offering (IPO) price of S$0.23 per share as the solutions provider in the oils and fats industry made its trading debut on the Singapore Exchange's Catalist board on Thursday (Mar 3).
Its shares traded as high as S$0.285 in the first 10 minutes before losing some steam, inching down to trade between S$0.255 and S$0.265 for the rest of the session.
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