Adrian Phung

With the Johor state election picking up steam, BusinessToday reached out to a few political analysts for their view of the multi-pronged fight that is about to descend on the second-biggest state in the country, especially the newly formed BERSAMA by former PKR honcho Datuk Seri Rafizi Ramli and his cohorts.

Eckem Holdings Bhd ended its ACE Market debut unchanged at 12 sen, matching its IPO price, after an active trading session that saw 82.09 million shares change hands. The specialty industrial chemical solutions provider opened at 12 sen with 19.16 million shares traded at the opening bell on July 3 and briefly rose to an intraday high of 13 sen during the trading session, before surrendering gains to close at its offer price.

Rather than using its upcoming ACE Market listing merely to raise fresh capital, Eckem Holdings Bhd is laying the groundwork for its next growth phase by reshaping its operational footprint, expanding manufacturing capacity and strengthening its technical capabilities, moves it believes will reinforce its position as more than just a speciality industrial chemicals distributor.