Protasco Bhd's initial public offering (IPO) comprising 5 million 50 sen shares at an issue price of RM1.15 per share has been oversubscribed by 12.18 times.
A Malaysian Issuing House Sdn Bhd statement said a total of 28,593 applications for 65.878 million shares were received for the 5 million shares offered for public subscription.
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