TSA Group’s IPO shares oversubscribed

KUALA LUMPUR: TSA Group Bhd, which is slated for a listing on the ACE-Market of Bursa Malaysia on Feb 2, has seen its initial public offering (IPO) oversubscribed by 8.62 times.

In a statement, it said a total of 4,304 applications for 148.78 million shares with a value of RM81.83mil were received from the Malaysian public, which represents an overall oversubscription rate of 8.62 times.