Public portion of SBH Marine IPO oversubscribed 27.66 times

From left: SBH Marine alternate director Tan Yok Jin, executive director Saw Leng Hean, deputy managing director Tan Yuak Kwang, deputy managing director Tan Yuak Ming, independent non-executive chairman Mohd Salim Dulatti, group managing director Tan Boo Nam, KAF Investment Bank CEO Rohaizad Ismail, deputy CEO Thariq Ahmad and WYNCORP Advisory managing director Wong Yoke Nyen at the launch of the IPO prospectus

KUALA LUMPUR: The public portion of SBH Marine Holdings Bhd's initial public offering (IPO) has been oversubscribed by 27.66 times.

SBH Marine is a frozen seafood producer in Malaysia, whose products are distributed in the European Union, the Middle East and Asia.