Haily IPO shares oversubscribed

KUALA LUMPUR: Haily Group Bhd’s upcoming initial public offering (IPO) has been oversubscribed by 38.81 times.

“A total of 13,367 applications for about 355.1 million new public issue shares with a value of RM241.47mil were received from the Malaysian public,” the group, which is mainly involved in the construction of residential and non-residential buildings, said in a statement.

The bumiputra portion saw a total of 6,185 applications for 138.11 million new shares being received with an oversubscription rate of 29.69 times.

Meanwhile, for the public portion, it received 7,182 applications for 216.99 million new shares, representing an oversubscription rate of 48.09 times.

The other portion of 10 million new public issue shares available for application by the eligible directors and employees of the group and persons who have contributed to its success have also been fully subscribed, Haily said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Haily Group , shares , oversubscribed , IPO ,


Next In Business News

U.S. job growth accelerates in January, wage gains moderate
Malaysia poised to become automotive hub for Asean market: Tengku Zafrul
Proton sales up 162% YoY in Jan 2023
F&N's net profit for 1Q jumps to RM198.79mil on better beverage sales, exports from Malaysia
SDP’s palm oil imports to United States given the greenlight
Ringgit ends trading week lower
IJM names Lee Chun Fai as group CEO & MD
FBM KLCI claws back to positive territory
Turkey inflation higher than expected at nearly 58%
AirAsia X plans to add more flights to Busan by year-end

Others Also Read