KUALA LUMPUR: The institutional offer of Malaysia's Westports Holdings Bhd's $688 million initial share sale has been oversubscribed more than 10 times, according to two people with direct knowledge of the deal, Reuters reported..
The bookbuild institutional tranche, which makes up 14 percent of the offering, has been mostly subscribed at the higher end of the bookbuilding range between 2.30 and 2.50 ringgit per share the first day it was launched, the people said.
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