Leong Hup debuts on Bursa Malaysia

May 17, 2019

Leong Hup International made a firm debut opening at USD 0.27 as opposed to its offer price of USD 0.26 amid a cautious market, eventually trading up to USD 0.28 with 69.10 million shares done. Executive Director & Group CEO Tan Sri Francis Lau said the listing “marks the realization of months of hard work by everyone involved”.  Its first quarter 2019 net profit rose 15% to USD 14.56 million compared to USD 12.67 million in 2018 on higher sales volume and an increase in eggs prices in Malaysia and broiler chicks in Indonesia.