Edelteq’s public portion of IPO oversubscribed

KUALA LUMPUR: Edelteq Holdings Bhd’s public issue of 26.63 million shares under its initial public offering (IPO) exercise involving 100 million new shares have been oversubscribed by 152.03 times.

In a statement yesterday, Edelteq, which is a provider of engineering support to the chip industry, said 35,292 applications for 4.08 billion issue shares were received from the public, representing an overall oversubscription rate of 152.03 times.