Senheng’s IPO oversubscribed by 10.4 times

KUALA LUMPUR: Senheng New Retail Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 10.4 times.

Senheng received a total of 16,548 applications for 343.2 million shares with an aggregate value of RM367.3mil, for the public portion of the group’s IPO comprising 30.0 million shares made available for application by the Malaysian public.