Securemetric jumps 120% on ACE market debut

13 Nov 2018 / 11:23 H.

    PETALING JAYA: Digital security solutions provider Securemetric Bhd saw its share price jump 80% at the opening bell on its debut on the ACE market, before climbing further to 55 sen earlier.

    It was the most actively traded stock today, with some 93.4 million shares traded.

    Securemetric offers digital security products and solutions, including software licensing protection, two-factor authentication solution (2FA), public key infrastructure (PKI) and authentication management systems.

    The company which raised RM17 million from its initial public offering plans to use RM5.7 million for development of new digital security solutions, RM5.2 million for working capital and RM1.7 million for business expansion.

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