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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
KGW , IPO , Bursa Malaysia

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read