Limahsoon IPO oversubscribed 18 times

  • Business Premium
  • Wednesday, 14 Jul 2004

THE public portion of Limahsoon Bhd's initial public offering (IPO) has been over-subscribed 18.41 times. The six million shares made available for public subscription attracted 26,151 applications for 116.5 million shares worth RM125.8mil. 

Its managing director Lim Chong Khim said the company was very pleased with the public support. For its flotation, Limahsoon had issued a total of 16.4 million new ordinary shares of 50 sen each at RM1.08 a share. Upon listing, the issued and paid-up capital of the company will increase to RM40.2mil. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Cnergenz 1Q net profit at RM3.64mil Premium
MSM posts RM28mil net loss in 1Q Premium
Boustead 1Q profit soars 573% on land disposal Premium
Ringgit gains momentum to end higher versus US dollar Premium
Axiata appoints joint acting group CEOs as Izzaddin Idris steps down Premium
Escalating costs a drag on Tuju Setia’s earnings Premium
Affin Bank 1Q net profit more than doubles to RM143mil Premium
Last-minute buying interest pushes KLCI higher Premium
Oil on track for weekly rise amid global supply concerns Premium
Exports of articles of apparel and clothing accessories up 18.5% y-o-y to RM499.9mil Premium

Others Also Read