Cnergenz’s IPO oversubscribed by 40.32 times

Cnergenz Bhd chief executive officer Lye Yhin Choy

KUALA LUMPUR: ACE-Market bound Cnergenz Bhd's initial public offering (IPO) has been oversubscribed by 40.32 times.

The electronics manufacturing solutions provider said a total of 16,186 applications for 1.033 million issue shares were received from the Malaysian Public, representing an oversubscription rate of 40.32 times.