THE public tranche of Progressive Impact Corp Bhd’S initial public offering (IPO) has been oversubscribed 9.14 times and its private placement to selected investors has been fully taken up, Malaysian Issuing House (MIH) said.
The company issued 7 million new shares while its shareholders are offering for sale 18 million shares, with a face value of 50 sen, at an issue price of 75 sen per share to pave the way for its listing on Bursa Malaysia second board.
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