L&P Global IPO exercise oversubscribed 36.14 times


KUALA LUMPUR: ACE Market-bound L&P Global Bhd's initial public offering (IPO) exercise has been oversubscribed by 36.14 times, ahead of its scheduled listing on Jan 3, 2023.

The integrated industrial packaging solutions provider, formerly known as Berjayapak International Holdings Sdn Bhd, said it received a total of 11,740 applications for 891.33 million shares with a value of about RM267.4mil for the 24 million shares allocated to the Malaysian public.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
L&P Global , IPO , listing , ACE Market , Bursa Malaysia

Next In Business News

MBSB Group formalises RM1.025bil financing facility with Ekovest Holdings
SKA Capital’s ACE Market IPO oversubscribed 80.42 times
MyEG hit with additional RM353.13mil income tax assessment, civil suit by government
Taghill secures RM166mil construction contract in Penang
Rohas Tecnic to acquire 51% stake in Centrix Engineering for RM14.28mil
Chin Teck Plantations resumes harvesting, mill operations in Indonesia
JF Technology proposes two-for-five bonus issue of free warrants
Axis-REIT records higher 3Q profit
Masdar, Citaglobal and TIZA Global kick off construction of 200MW floating solar project in Pahang
Bursa Malaysia queries GIIB over sharp fall in share price

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read