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Icon Offshore plunges 21% as IPO lock-up expires

2017-12-06 6 Dailymotion

Icon Offshore Bhd plunged as much as 20 sen or 21 percent on speculation major shareholders sold the shares upon expiry of the company's Initial Public Offering (IPO) lock-up period.

Marine vessel provider icon fell to a low of 77.5 sen before reducing losses icon settled at 78 sen with some 32 million shares done.

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