Senheng oversubscribed by 10.4 times

Senheng executive chairman Lim Kim Heng (pic) said, “The oversubscription indicates the public’s confidence over our 30-year track record of building one of Malaysia’s best and most progressive retail brands, and our growth strategies that will transform the way consumers shop.”

PETALING JAYA: Senheng New Retail Bhd’s public portion of its initial public offering (IPO) was oversubscribed by 10.4 times.

Senheng received 16,548 applications for 343.2 million shares valued at RM367.3mil, for the public portion comprising 30 million shares.