Strong appetite for Leong Hup IPO as offer of 73m shares to public oversubscribed 3.64 times

Tan Sri Francis Lau Tuang Nguang, who is the executive director and group chief executive officer of Leong Hup, told StarBiz that a significant portion of the proceeds to be raised from the IPO would be used to fund its regional expansion.

KUALA LUMPUR: Poultry giant Leong Hup International Bhd's initial public offer (IPO) of 73 million shares to the Malaysian public was oversubscribed by 3.64 times. 

The 839.50 million IPO shares offered to Malaysian and foreign institutional and selected investors, were also heavily oversubscribed.