TURKEY'S CEMAS SHARES OPEN DOWN 10% FROM BASE PRICE

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TURKEY'S CEMAS SHARES OPEN DOWN 10% FROM BASE PRICE
02.07.2010 11:32

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İSTANBUL (İHA) - Shares in Turkish paper packaging company Isiklar Yatirim Holding's (ISAMB.IS) foundry unit Cemas Dokum Sanayi AS (CEMAS.IS) Friday opened 10% lower than their base price of TRY2.60 on their first day of trading on the Istanbul Stock Exchange.

At 0735 GMT, Cemas shares were trading down 10% at TRY2.34, amid a 0.38% higher overall market.

The company listed a 40% share of its capital through an initial public offering. The bids were received June 24, June 25 and June 28.
(SB-SB-ENG)

02.07.2010 11:31:49 TSI
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