PETALING JAYA: E.A. Technique (M) Bhd’s initial public offering (IPO) of 129 million ordinary shares of 25 sen each has been oversubscribed.
In a filing with Bursa Malaysia, the shipping unit of Johor Corp said 7,237 applications for 154 million issue shares were received from the Malaysian public, representing an oversubscription rate of 5.12 times.
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