Sasbadi shares oversubscribed

KUALA LUMPUR: Education publisher Sasbadi Holdings Bhd’s initial public offering (IPO) for the Malaysian public of 216.836 million shares has been oversubscribed by 33.15 times.

“A total of 7,203 applications for 93.145 million shares were received under the bumiputra category, representing an oversubscription rate of 28.34 times,” Sasbadi said in a statement yesterday following the balloting ceremony of successful applications.