PT Resources shares offered to public oversubscribed by 24.48 times

KUALA LUMPUR: PT Resources Holdings Bhd has secured 7,947 applications for 681.51 million new shares from the Malaysian public valued at RM245.34 million, representing an overall oversubscription rate of 24.48 times.

Mercury Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for this initial public offering (IPO), in conjunction with its listing on the Ace market of Bursa Malaysia Securities Bhd.