Pawnbroker EMCC IPO oversubscribed by 53.06 times

KUALA LUMPUR: ACE Market-bound Evergreen Max Cash Capital Bhd’s (EMCC) initial public offering (IPO) for the public potion was oversubscribed by 53.06 times.

In a statement today, executive director and group managing director Datuk Low Kok Chuan said the oversubscribed IPO demonstrates the positive market response towards the group’s fundamentals and attractive industry prospects.