Ocean Vantage managing director Kenny Ronald Ngalin said in a statement that “we believe the oversubscription rate reflects the confidence that the investing public has in our group’s business model and future plans.
KUALA LUMPUR: Ocean Vantage Holdings Bhd
’s initial public offering of 20.55 million new shares at 26 sen per share under its listing exercise has been oversubscribed by 15.9 times.
The Sarawak-based oil and gas (O&G) integrated support services provider said there were 5,509 applications for 347.29 million new shares valued at RM90.29mil from the Malaysian public.
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