Sin-Kung IPO oversubscribed by 26.5 times

Alan Ong, Managing Director of Sin-Kung Logistics Bhd. — KK SHAM/ The Star

PETALING JAYA: Integrated logistics service provider Sin-Kung Logistics Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 26.5 times.

A total of 13,179 applications seeking 1.7 billion new shares were received from the public for 60 million new shares that were made available for public subscription.