Siab’s IPO shares oversubscribed by 50.18 times

The building construction services provider, en route to an Ace Market listing on Feb 28, received 15,288 applications seeking 1.25 billion new shares with a value of RM375.89mil for the 24.48 million new shares made available for the Malaysian public under the IPO.

PETALING JAYA:saw the public portion of its initial public offering (IPO) oversubscribed by 50.18 times.

The building construction services provider, en route to an Ace Market listing on Feb 28, received 15,288 applications seeking 1.25 billion new shares with a value of RM375.89mil for the 24.48 million new shares made available for the Malaysian public under the IPO.