0140 GMT [Dow Jones] NEW LISTING: Muar Ban Lee (5152.KU) +23.1% at 80 sen on Main Board debut; most active with 30.2 million shares traded. Healthy premium to IPO price of 65 sen unsurprising as stock attracted strong subscription rate of 36X, says dealer. "Investors are banking on the company making headway into Central and South American markets. The listing has also come at a good time as investors will be able to cash-in on efforts made by a number of plantation companies to expand their businesses beyond local shores," says one dealer. Stock may drift within 75 sen-85 sen range for rest of day. (VGB)
Dow Jones Newswires
October 27, 2009 21:40 ET (01:40 GMT)
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