Teladan Setia’s public offer of 40.8m new shares oversubscribed 17.47 times


KUALA LUMPUR: Melaka-based property developer, Teladan Setia Group Bhd’s offer of 40.26 million new shares at 48 sen each to the public, was oversubscribed by 17.47 times.

The company, which is seeking to list on the ACE Market on March 16, said on Friday there were 18,396 applications for 743.77 million new shares.

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