Malaysia’s Critical Holdings shares up 43% in debut amid data, chip hopes

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SINGAPORE — Critical Holdings, a Malaysian engineering firm specializing in design and installment of building systems, aims to step up its expansion drive following a strong market debut on Monday, tapping a surge in demand for data centers and semiconductor facilities.

The Penang-based company is raising 39 million ringgit ($8.4 million) in its public listing as shares opened at 0.5 ringgit, up 43% from the initial offering price of 0.35 ringgit in Kuala Lumpur on Bursa Malaysia’s Ace Market, a bourse for small and midsize firms with high growth potential before they get listed on the main market.



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