Tan Sri Francis Lau Tuang Nguang, who is the executive director and group chief executive officer of Leong Hup, told StarBiz that a significant portion of the proceeds to be raised from the IPO would be used to fund its regional expansion.
KUALA LUMPUR: Poultry giant Leong Hup International Bhd
's initial public offer (IPO) of 73 million shares to the Malaysian public was oversubscribed by 3.64 times.
The 839.50 million IPO shares offered to Malaysian and foreign institutional and selected investors, were also heavily oversubscribed.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
