Malaysia's Westports jumps 8 pct in market debut
KUALA LUMPUR Oct 18 (Reuters) - Shares of Westports Holdings Bhd, the operator of Malaysia's busiest port, opened at 2.70 ringgit on Friday, 8 percent above their initial public offering price of 2.50 ringgit.
Westports, which is partially owned by Asia's richest man Li Ka-Shing, raised $680 million in Malaysia's second-largest flotation this year, behind UMW Oil & Gas Corp Bhd's $740 million planned listing on Nov. 1.
The stock was trading at 2.69 ringgit a share at 0102 GMT, compared with a basically flat broader market. (Reporting by Niluksi Koswanage and Yantoultra Ngui; Editing by Edwina Gibbs)
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