KARENSOFT Technology Bhd's initial public offering (IPO) of of one million has been oversubscribed by 0.17 time with 67 applications received for 1.175 million shares, Malaysian Issuing House Sdn Bhd said in a statement yesterday.
The Mesdaq-bound company offered 17.3 million new 10 sen shares by way of private placement (14.45 million shares) and public issue at 61 sen per share. A total of 1.85 million shares were reserved for eligible employees and directors.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
