KUALA LUMPUR: Oil palm plantation company Matang Bhd
, which is eyeing a listing on the Ace Market, has attracted share applications from the Malaysian public representing an oversubsription rate of 4.21 times.
Tricor Investor & Issuing House Services Sdn Bhd said in a statement that a total of 6,389 applications for 676.655 million shares were received for the 130 million new 10-sen shares made available for subscription at an issue price of 13 sen apiece.
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