ABM Fujiya IPO oversubscribed 9.77 times

  • Business
  • Wednesday, 10 Jul 2013

KUALA LUMPUR: ABM Fujiya Bhd’s initial public offering (IPO), involving 10.5 million shares available for public application, has been oversubscribed 9.77 times.

Malaysian Issuing House Sdn Bhd said a total of 6,167 applications, for 113.06 million shares, were received from the public for the IPO which involved 5.25 million shares, or 50% of the total public offering, allotted for bumiputra and 5.25 million shares for public subscription.       

“A total of 2,171 applications for 34.26 million shares were received for the bumiputra category, representing an over subscription of 5.53 times, while under the public category, 3,996 applications for 78.79 million shares were received for an over subscription of 14.01 times,” it said in a statement yesterday.

Balloting of successful applications was conducted yesterday and all notices of allotment for the shares would be mailed to successful applicants on or before July 22.

Apart from the public issue, 10 million shares were made available for selected investors via private placement, 4.5 million shares for eligible employees and business associates and seven million shares for bumiputra investors. – Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , ABM Fujiya Bhd , IPO


Did you find this article insightful?


Next In Business News

Pharmaniaga signs deal to supply 12 million doses of vaccine to MOH
Indonesia says new sovereign wealth fund attracts USD10b commitment
Disappointing close for Bursa, Public Bank retains part of gains
Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump
Malaysia's debt securities still attractive even if OPR cut
CIMB supports SMEs via CNY Go Digital offerings
UK jobless rate highest since 2016 as second Covid-19 lockdown hits
Palm oil extends drop toward November low as demand outlook dims
UBS reaps rich rewards from pandemic trading frenzy
Poh Huat says 543 workers tested positive for Covid

Stories You'll Enjoy