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.
For the Bumiputera portion, a total of 7,509 applications for 1.05 billion new shares were received, representing an oversubscription rate of 41.27 times.
For the public portion, a total of 10,105 applications for 1.95 billion new shares were received, representing an oversubscription rate of 77.65 times.
Meanwhile, 29.8 million new shares made available to the eligible Directors and employees have also been fully subscribed.
“Demand for aesthetic medical services is on the rise, appealing to different ages and genders. The success of our IPO will also ensure that our plans to expand our network of clinics will be expedited,” managing director Dr. Chong Tze Sheng said in a statement.
DC Healthcare is expected to be listed on the ACE Market of Bursa Malaysia on July 17.
M&A Securities Sdn Bhd, is the principal adviser, sponsor, underwriter and placement agent for the IPO exercise.
