JLPW CONGRATULATES LIFE WATER BERHAD ON ITS SUCCESSFUL LISTING ON BURSA MALAYSIA MAIN MARKET

We congratulate yet another Main Market IPO client, Life Water Berhad, on its successful listing on the Bursa Malaysia stock exchange this morning, 13 November 2024.

“Shares of Life Water Bhd (KL:LWSABAH) surged 18% in their trading debut on Wednesday, after the beverage manufacturer’s initial public offering (IPO) raised over RM82 million on the back of strong investor demand.

Life Water opened at 77 sen on the Main Market of Bursa Malaysia, versus its IPO price of 65 sen per share. The stock climbed to as high as 81 sen before easing to 80 sen at 9.05am, after more than 47 million shares changed hands…

Life Water primarily manufactures beverages, including drinking water and carbonated drinks, and is also involved in plastic packaging production, delivery, and distribution services, with main operations in Sabah”.

Read more at
https://theedgemalaysia.com/node/733751

Our IPO and Capital Markets Practice Group has played a key role in numerous market deals in Malaysia. With this latest IPO, we successfully completed an ACE Market IPO double (BWYS Group Berhad and KHPT Holdings Berhad) and also a Main Market IPO double (Mega Fortris Berhad and Life Water Berhad) for 2024.

Malaysia #IPO #BursaMalaysia #LifeWater #lawyers #MIDF #law #JLPW #MainMarket #lawyers #Corporatelaw #CorporateFinance

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