Panda Eco System's IPO shares oversubscribed 153.47 times

From left: Panda Eco System independent non-executive director Siew Suet Wei, independent non-executive director Chan Kam Chiew, independent non-executive chairman Nicholas Yap, chief technology officer and executive director Tay Kheng Seng, CEO and executive director Loo Chee Wee, M&A Securities head of corporate finance Gary Ting, associate director of corporate finance Chong Hsu-Yeung, and independent non-executive director Datuk Leanne Koh Li Ann

KUALA LUMPUR: Panda Eco System Bhd, which is en route to a listing on Bursa Malaysia’s Ace Market on Nov 27, 2023, saw its initial public offering (IPO) shares offered to the public oversubscribed by 153.47 times.

The retail management eco-system solution provider said a total of 20,021 applications for 5.18 million shares worth RM829.41 million were received from the public, representing an overall oversubscription rate of 153.47 times.