Pastry Stock Pioneer

Michelle Chong (right), chief executive officer of Honey Bun Limited, inserts Honey Bun on the JSE Junior Stock Exchange listing board on Friday, June 3, and is watched by (from left) Gary Peart, chief executive officer of Mayberry Investments Limited, which arranged the initial public offering, and Herbert Chong, chairman of Honey Bun Limited.

The company is the first pastrymaker to list on the JSE.

The stock debuted at J$3. It traded volumes of 62,347 share units on its first day and closed up by 45 cents, or 15 per cent, at J$3.45, valuing the company’s 93.75 million issued shares at J$323.44 million.

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