As at 10:50am today, the shares rises to RM0.535, up RM0.01 over yesterday's closing price.
Issued at RM0.80 (over-subscribed by 13.2 times), XOX debuted at RM0.73 (7 cents below RM0.80 issue price) and continued to slide ever since. It closes at RM0.52 on its first day of IPO (10th June 2011), which was a 35% discount ffrom its IPO price.
The company reported a net loss of RM1.67mil for the three-month period ended March 31, mainly due to the selling and distribution expenses necessary in creating brand awareness for XOX's services, it said in a note to Bursa Malaysia on Thursday (9th June 2011).
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