Coraza shares oversubscribed

KUALA LUMPUR: Integrated engineering supporting services provider Coraza Integrated Technology Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 132.5 times.

“A total of 26,781 applications seeking 2.86 billion new shares, valued at RM800.7mil were received for the 21.4 million new shares made available for application by the Malaysian Public,” Coraza said in a statement.