Farm Fresh IPO shares oversubscribed

In a filing with Bursa Malaysia, Tricor Investor and Issuing House Services Sdn Bhd said the IPO involved the issuance of 743.18 million shares, comprising of an institutional offering of 687.44 million shares to Malaysian and foreign institutional and selected investors, including bumiputra investors, as well as 55.74 million shares to directors of the company and its subsidiaries plus eligible employees. (File pic shows Farm Fresh product.)

PETALING JAYA: Farm Fresh Bhd, the dairy farm operator which is slated for a listing on Bursa Malaysia’s Main Market on March 22, announced that its initial public offering (IPO) has been oversubscribed.

In a filing with Bursa Malaysia, Tricor Investor and Issuing House Services Sdn Bhd said the IPO involved the issuance of 743.18 million shares, comprising of an institutional offering of 687.44 million shares to Malaysian and foreign institutional and selected investors, including bumiputra investors, as well as 55.74 million shares to directors of the company and its subsidiaries plus eligible employees.