Maybank IB purchased 9.9m shares in Icon Offshore under price stabilisation mechanism
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Maybank IB purchased 9.9m shares in Icon Offshore under price stabilisation mechanism
Maybank IB purchased 9.9m shares in Icon Offshore under price stabilisation mechanism |
Business & Markets 2014 |
Written by Siow Chen Ming of theedgemalaysia.com |
Tuesday, 01 July 2014 18:52 KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) had purchased some 9.9 million shares in Icon Offshore Bhd at RM1.85 per share today, as it implemented the price stabilisation mechanism for the newly-listed counter. The IB is the stabilising manager for Icon Offshore’s initial public offering (IPO) exercise. Earlier on June 30 (Monday), it had also purchased some 1.1 million Icon Offshore shares at RM1.85 per share, which was its IPO price. Icon Offshore’s share price closed one sen up at RM1.86 today, with 14.09 million shares transacted. The stock made its debut on June 25. |
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