Southern Cable's public offer gets 10-fold response

Southern Cable Group Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 10.5 times.

PETALING JAYA: Southern Cable Group Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 10.5 times.

The ACE Market-bound cable and wire manufacturer said it received a total of 10,308 applications for 459 million shares with a total value of RM156.1mil.