Commenting on the response toward the IPO, EWI president and chief executive officer Datuk Teow Leong Seng said:
PETALING JAYA: Property developer Eco World International Bhd
’s (EWI) initial public offering (IPO) has been oversubscribed nine times by institutional investors and by 8.87 times for the public portion, according to a press release by the Malaysian Issuing House Sdn Bhd.
The final price for both the institutional and retail offering was fixed at RM1.20 involving a public flotation of 2.153 billion shares on the stock exchange.
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