Shares in Econ Healthcare closed at 29 cents on April 19, 3.6% higher than its IPO price of 28 cents per share, with close to 16.6 million shares changed hands at the end of the day.

See: Econ Healthcare launches IPO with 50 mil offering shares at 28 cents apiece


The newly-listed counter opened at 28.5 cents on the same day and reached an intra-day high of 30 cents per share.

See also: Nearly a decade on, Econ Healthcare plans to list on SGX again

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“We are elated to see that our stock has garnered much interest from the public and has performed well on its debut trading day,” says Ong Chu Poh, founder, executive chairman and group CEO of Econ Healthcare.

“We would like to take this opportunity to thank our investors for their vote of confidence. To those who continue to place their trust and faith in Econ Healthcare, this is an encouraging and exciting start to our next chapter of growth. We strive to deliver on our promises and steer the group towards sustainable, long-term growth for all our shareholders,” Ong adds.

See also: Econ Healthcare IPO is around 4.1 times subscribed, trading to start on April 19 and Econ Healthcare seeks a relist for China planned expansion