Ace market bound Haily Group IPO public portion oversubscribed by 38.8 times

KUALA LUMPUR (Bernama) -- ACE Market-bound Haily Group Bhd said the public portion shares totalling 8.92 million under its initial public offering (IPO) have been oversubscribed by 38.81 times.

A total of 13,367 applications for 355 million new public issue shares valued at RM241.47 million were received from the public, representing an overall oversubscription rate of 38.81 times, the construction company said in a statement today.