Tanah Makmur's 20m shares for public oversubscribed

KUALA LUMPUR: Plantations and property-based Tanah Makmur Bhd's offer of 20 million shares to the public at RM1.25 each was oversubscribed 14.45 times.

The company, which is seeking to list on the Main Market of Bursa Malaysia, said on Monday there were 16,828 applications for 309.02 million shares from the Malaysian public.