i-Stone IPO oversubscribed 11.56 times


  • Business
  • Thursday, 11 Jul 2019

PETALING JAYA: Johor-based automation solutions provider i-Stone Group Bhd’s initial public offering (IPO) has been oversubscribed by 11.56 times ahead of the group’s listing on the Ace Market of Bursa Malaysia on July 17.

In a filing with Bursa Malaysia, i-Stone said a total of 6,522 applications for 767.29 million new shares valued at RM122.76mil were received for the retail offering of 61.07 million new shares.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
Gold rises on Fed rate cut hopes, Middle East tensions
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
Ways China must tread for seamless transition to new era
Home sweet home
Asia shares rally on China's gains, Fed cut bets; yen weakens
Seeking cover from middlemen
A real need for local giants
Data centre boom - at watt cost?
Global momentum continues to lift Bursa Malaysia

Others Also Read