YXPM IPO shares oversubscribed

The company, a subsidiary of the Main Market-listed Tomei Consolidated Bhd, has received 8,105 applications for 509.16 million shares with a value of RM142.57mil from the public.(File pic shows a Tomei jewellery shop)

KUALA LUMPUR: Gold jewellery wholesaler and manufacturer YX Precious Metals Bhd’s (YXPM) public portion of its initial public offering (IPO) has been oversubscribed by 26.36 times.

The company, a subsidiary of the Main Market-listed Tomei Consolidated Bhd, has received 8,105 applications for 509.16 million shares with a value of RM142.57mil from the public.