Winsun Technologies Bhd, which provides intelligent industrial control management systems with all its operations based in China, plans to expand its market to Vietnam next year.
"We are eyeing the market in Vietnam to set up a representative office there in 2009. However, things are in the preliminary stage now," managing director/chief executive officer, Choong Siew Meng, told a media briefing after the listing of the company's shares on Mesdaq Market here Tuesday.
The shares opened at 34 sen, up 5.7 sen from its theoretical ex-bonus price of 28.3 sen. It closed the morning session at 36.5 sen after hitting a high of 48 sen earlier.
Under its listing exercise, WinSun made a public issue of 30 million shares, of which 25 million were for private placement, two million for directors and employees, and the rest for the public.
It also implemented a 2-for-1 bonus issue of 200 million shares after the public issue. (Bernama)
Sunday, February 22, 2009
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