KUALA LUMPUR: ACE Market-bound power cable manufacturer Master TEC Group Bhd
’s 51 million initial public offering (IPO) shares available for public application have been oversubscribed by 7.11 times.
The Melaka-based company said a total of 7,276 applications for 413.65 million shares worth RM161.32 million were received from the Malaysian public for the IPO shares.
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