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.