Ramssol’s public issue heavily oversubscribed

KUALA LUMPUR: Human resources solutions provider Ramssol Group Bhd’s offer of 11.20 million new shares at 45 sen each to the public was oversubscribed by 102.88 times under its initial public offer (IPO).

Tricor Investor & Issuing House Services Sdn Bhd said there were 19, 564 applications for 1.16 billion new shares valued at RM523.54mil from the Malaysian public.