MST's IPO oversubscribed by 5.28 times

KUALA LUMPUR: MST Golf Group Bhd, which is en route to list on Bursa Malaysia’s Main Market on July 20, 2023, saw its initial public offering (IPO) oversubscribed by 5.28 times.

The golf retail and service provider’s IPO involved 228 million shares, comprising a public issue of 160 million new shares and 68 million existing shares, at an issue price of 81 sen apiece.