KUALA LUMPUR: Pantech Group Holdings Bhd
said its initial public offer has been oversubscribed about 29.59 times, with 40,605 applications received for a total of 229.34 million shares, against 7.5 million shares made available for subscription.
In a statement, Pantech said a total of 23,811 applications for 66.51 million shares were received for the bumiputra portion, representing a slightly lower oversubscription rate of 28.56 times. – AFX-Asia
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