Mobilia IPO oversubscribed by 92 times

Furniture designer and manufacturer Mobilia Holdings Bhd, which is en route to being listed on the Ace Market of Bursa Malaysia, saw its initial public offering (IPO) oversubscribed by 92.17 times.

PETALING JAYA: Furniture designer and manufacturer Mobilia Holdings Bhd, which is en route to being listed on the Ace Market of Bursa Malaysia, saw its initial public offering (IPO) oversubscribed by 92.17 times.

In a statement yesterday, the company said it received a total of 25,164 applications for 1.86 billion new shares from the Malaysian public for its 20 million new shares made available.