Unitrade’s RM100mil public issue fully subscribed

Unitrade Industries Bhd managing director Nomis Sim Siang Leng

KUALA LUMPUR: Unitrade Industries Bhd, which is slated to be listed on the Ace Market of Bursa Malaysia on June 14, said the public portion of its initial public offering (IPO) has been oversubscribed by 2.35 times.

The homegrown building materials wholesalers and distributors received a total of 7,169 applications for 261.95 million shares with a value of RM83.8mil from the Malaysian Public for the 78.12 million shares, representing an oversubscription rate of 2.35 times.