Flexidynamic IPO shares oversubscribed

(From left) M&A Securities Sdn Bhd corporate finance managing director Datuk Bill Tan, Tricor Group Malaysia chief executive officer and managing director Yeap Kok Leong, Flexidynamic Holdings Bhd chairperson Phang Sze Fui and managing director Tan Kong Leong at Flexidynamic Holdings Bhd’s initial public offering ceremony.

KUALA LUMPUR: Flexidynamic Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 155.72 times.

“The subscription amount is the highest ever for an IPO in the past three years” said M&A Securities Sdn Bhd managing director of corporate finance Datuk Bill Tan.