ACE Market-bound DC Healthcare IPO oversubscribed 59.46 times

DC Healthcare Holdings Bhd managing director Dr. Chong Tze Sheng

KUALA LUMPUR: DC Healthcare Holdings Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia, saw its initial public offering (IPO) oversubscribed by 59.46 times.

The aesthetic services provider said a total of 17,614 applications for 3.01 billion new shares with a value of RM752.9mil were received from the Malaysian public, representing an overall oversubscription rate of 59.46 times.