Aneka Jaringan’s public offer gets 12-fold reception

Independent Non-Executive Chairman of Aneka Jaringan Holdings Berhad Datuk Ir Tan Gim Foo (second,right) with Managing Director Aneka Jaringan Holdings Berhad Pang Tse Fui (second,left), Executive Director Aneka Jaringan Holdings Berhad Chong Ngit Sooi (left) and Executive Director Aneka Jaringan Holdings Berhad Loke Kien Tuck (right) executing a gimmick launch during the Aneka Jaringan Holdings Berhad prospectus launch on Oct 1. - Bernama

PETALING JAYA: Aneka Jaringan Holdings Bhd’s offer of 26.90 million shares to the public has been oversubscribed by 12.68 times.

Alliance Investment Bank Bhd said yesterday there were 9,094 applications for 368.07 million shares from the public for the piling and foundation specialist.

Of the 13.45 million shares set aside for the bumiputra category – or 50% of the shares available for public subscription – the remaining 13.45 million shares have been allotted under the public category.

Under the bumiputra category, there were 4,436 applications for 140.95 million shares.

This translates to an over-subscription rate of 9.48 times.

Under the public category, there were 4,658 applications for 227.12 million shares, an over-subscription rate of 15.88 times.

Alliance Investment Bank said 45.72 million shares were placed out to selected investors.

As for the 13.45 million shares made available for application by the eligible directors, employees and persons, a total of one million shares were clawed back and made available by way of a private placement to selected investors.

The 53.81 million shares made available by way of the private placement to approved bumiputra investors had also been completed.

Aneka Jaringan aims to raise RM46.16mil from its ACE Market listing on Oct 20.

The initial public offering exercise involves the issuance of new shares at 33 sen apiece.

The proceeds raised would accelerate the company’s growth by increasing its fleet of machinery in Malaysia.

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