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. 

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