Ace market-bound Autocount's IPO oversubscribed by 167 times

KUALA LUMPUR: Autocount Dotcom Bhd's (ADB) public issue of 27.52 million shares made available for application by the Malaysian public has been oversubscribed by 167 times.

It said a total of 35,436 applications for 4.62 billion new shares were received from the Malaysian public under its initial public offering (IPO) of 33 sen per share.