Malaysia's Westports jumps 8 pct in market debut

Reuters

KUALA LUMPUR, Oct 18 (Reuters) - Shares of WestportsHoldings Bhd, the operator of Malaysia's busiest port,opened at 2.70 ringgit on Friday, 8 percent above their initialpublic offering price of 2.50 ringgit.

Westports, which is partially owned by Asia's richest man LiKa-Shing, raised $680 million in Malaysia's second-largestflotation 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 byEdwina Gibbs)

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