ACE Market-bound KJTS’s IPO oversubscribed by 31.28 times

KUALA LUMPUR: KJTS Group Bhd, which is set to make its ACE Market debut on Jan 26, announced that the shares offered to the public under its initial public offering (IPO) has been oversubscribed by 31.28 times.

The building support services provider received a total of 9,632 applications for 1.11 billion IPO shares worth RM299.78mil from the Malaysian public, representing an oversubscription rate of 31.28 times.