KGW’s IPO oversubscribed by 50.45 times

KUALA LUMPUR: Logistics service provider KGW Group Bhd’s initial public offering (IPO) was oversubscribed by 50.45 times.

A total of 11,329 applications for 1.24 billion issue shares with a value of RM260.81mil were received from the Malaysian public, representing an overall oversubscription rate of 50.45 times.