Tuesday, October 26, 2010

Mun Siong Engrg

Mun Siong Engrg down 10.2% to $0.22, likely due to profit-taking after stock surged 25% vs $0.20 IPO price on debut last Friday. Masnet filing shows substantial s/holder Goh Heng Chew dumped 21.3m shares in series of transactions in open market, paring his stake down to 3.6% from 5.1%. About half of new listings this year trading below IPO price.

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