Kuala Lumpur, 6 May 2026 – Manforce Group Berhad made a softer-than-expected debut on the ACE Market of Bursa Malaysia Securities on Wednesday, opening below its initial public offering price despite raising RM38 million from its listing exercise.
The foreign workers’ management services provider opened at 37.5 sen, below its IPO price of 38 sen per share. The opening price was also its intraday high in early trade, before the counter fell to as low as 34 sen. At 9.10am, the stock was trading at 35 sen, down 7.9% from its issue price, with more than 25 million shares changing hands.
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