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Update Newly-listed Only World Group falls below IPO price in early trade
by Cals Thu 18 Dec 2014, 22:17
Update
Newly-listed Only World Group falls below IPO price in early trade
KUALA LUMPUR (Dec 18): Only World Group Holdings Bhd (OWG) made a weak debut on the Main Market today, falling below its offer price of 88 sen per share in early trade.
At 9.05am, OWG lost 15.5 sen to 72.5 sen with 4.03 million shares traded.
OWG’s business model is to provide a combination of entertainment and F&B experience in a single location.
The group operates 25 food service outlets under 16 different brand names and 3 water amusement parks under the Wet World brand which are all owned entirely by the group.
OWG was incorporated in Malaysia on 8 November 2012 as a private limited company under the name of Only World Group Holdings Sdn Bhd and was subsequently converted to a public limited company by shares on 6 June 2013. In 1996, the Group forayed into the leisure and hospitality industry through its first water amusement park in Selangor, followed by second and third parks in Negeri Sembilan and Johor respectively.
Newly-listed Only World Group falls below IPO price in early trade
KUALA LUMPUR (Dec 18): Only World Group Holdings Bhd (OWG) made a weak debut on the Main Market today, falling below its offer price of 88 sen per share in early trade.
At 9.05am, OWG lost 15.5 sen to 72.5 sen with 4.03 million shares traded.
OWG’s business model is to provide a combination of entertainment and F&B experience in a single location.
The group operates 25 food service outlets under 16 different brand names and 3 water amusement parks under the Wet World brand which are all owned entirely by the group.
OWG was incorporated in Malaysia on 8 November 2012 as a private limited company under the name of Only World Group Holdings Sdn Bhd and was subsequently converted to a public limited company by shares on 6 June 2013. In 1996, the Group forayed into the leisure and hospitality industry through its first water amusement park in Selangor, followed by second and third parks in Negeri Sembilan and Johor respectively.
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