PETALING JAYA: IOI Properties Group Bhd’s (IOI Prop) rights issue exercise has been oversubscribed by 36.7% involving an over-subscription of 404.59 million shares.
In a filing with Bursa Malaysia, the group said that as of the close of acceptance and payment for the rights issue on March 17, the total valid acceptances were 1.51 billion rights shares, representing a subscription rate of 136.73% over the 1.1 billion rights shares available for subscription.
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