Dominant IPO 107 times oversubscribed

  • Business
  • Wednesday, 08 Oct 2003

THE public subscription portion of Dominant Enterprise Bhd's initial public offer (IPO) was 107.65 times oversubscribed, MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS) said. 

A total of 28,605 applications for 65.19 million shares were received for the 600,000 shares that were made available for public subscription, it said in a statement.  

Dominant's IPO comprised a public issue of 8.6 million new shares and an offer for sale of 17.2 million shares at 65 sen per share. The shares have a par value of 50 sen each. 

The company manufactures and distributes mouldings, furniture components and wood products. – AFX  

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