Smartag Solution Bhd, a provider of Radio Frequency Identification (RFID) technology was listed on ACE Market of Bursa Malaysia today.

The debut of Smartag on Bursa today make another good record of IPO on 1st day debut in 2011. The share was sold at RM0.31 in its Initial Public Offering, Open on 9:00am today at RM0.36 and Close on 4.59pm today at RM0.38. The highest price was at RM0.395. This is equivalent to 27% increase from its IPO price.

Earlier today, their CEO announced that they are targetting the greater Mekong Delta countries and southern China as its new markets. Btw what is Mekong Delta?…I think it is Vietnam.

Below is the 15 minutes chart for 1st day listing on Bursa.

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