PETALING JAYA: Power producer Malakoff Corp Bhd saw a significantly smaller oversubscription rate for the retail portion of its offering compared with the institutional fund interest shown for its initial public offering (IPO).
Malakoff said in a statement that the non-bumiputra retail offer of 225.537 million shares to the public was only oversubscribed by two times, while the 109.803 million bumi shares had a mere 0.46 times oversubscription rate.
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