THE 30 million LCTH Corp Bhd initial public offering (IPO) shares made available for public subscription have been undersubscribed, according to MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS).
The public portion attracted a subscription rate of 69.65%. The remaining portion would be taken up by the underwriters pursuant to the underwriting agreement between the group and the underwriters, MIDFCCS said in a statement.
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