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.