Cape EMS IPO oversubscribed by 17.82 times

PETALING JAYA: Cape EMS Bhd’s initial public offering (IPO) has been oversubscribed by 17.82 times ahead of its listing on the Main Market of Bursa Malaysia on March 10.

The electronics manufacturing services (EMS) provider, in a statement, said a total of 18,526 applications for 869.6 million IPO shares valued at RM782.68mil were received from the Malaysian public, representing an overall oversubscription rate of 17.82 times