Carimin’s IPO oversubscribed by 22 times


KUALA LUMPUR: The public portion of Carimin Petroleum Bhd’s initial public offering (IPO), comprising 11.7 million shares, has been oversubscribed by 22.1 times.

A total of 13,421 applications for 269.7 million shares were received from the public, the offshore oil and gas (O&G) support services provider said in a statement.

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