TT Vision’s IPO oversubscribed by 89.15 times

For the public portion, a total of 10,572 applications for 1,335,016,700 new shares were received, which represents an oversubscription rate of 113.10 times, TT Vision said

KUALA LUMPUR: TT Vision Holdings Bhd, which is scheduled to be listed on the ACE Market of Bursa Malaysia on Jan 18, has received an overall oversubscription rate of 89.15 times for its initial public offering (IPO).

In a statement yesterday, the company, which is principally involved in the development and manufacturing of machine vision equipment, said it offered 84.5 million new shares at an issue price of 34 sen per share.