KarenSoft debuts at 69 sen - 8 sen premium , TheEdge Daily, Friday, January 24, 2003

KarenSoft Technology Bhd made its debut on the Mesdaq market on Jan 24 at 69 sen - an eight sen premium over its offer price of 61 sen.

At the opening bell, a total of 3,550 lots of 200 shares were done.

However, by 9.30am, the share price had retreated to 61 sen with 6,313 lots done.

Under its listing exercise, KarenSoft had offered one million 10 sen shares to the public at an issue price of 61 sen. Its public subscription was marginally oversubscribed by 0.17 times.

KarenSoft, set up in 1991, is involved in copyright ownership, marketing, training, installation, implementation and distribution of software solutions under the brand name of "KarenSoft".

It specialises in providing enterprise resource management, customer relationship management and supply chain management software solutions to the industrial and commercial sectors, particularly the manufacturing, hospitality and healthcare industries.

By Ng Kar Yean