VIZTEL Solutions Bhd, en route to a listing on the Mesdaq market of Bursa Malaysia, posted an over-subscription rate of 170.23 times for its 1.5 million shares made available to the public.
The company had announced a public issue of 15 million 10 sen shares at an issue price of 35 sen per share, of which 2million were allocated for eligible directors, employees and business associates while the 11.5 million shares made available for private placements had been fully placed out by Alliance Merchant Bank Bhd.