Smart Asia IPO public portion oversubscribed 37.98 times


KUALA LUMPUR: ACE Market-bound Smart Asia Chemical Bhd’s public portion shares under its initial public offering (IPO) have been oversubscribed by 37.98 times.

Tricor Investor & Issuing House Services Sdn Bhd, on behalf of Smart Asia, said the company received a total of 5,916 applications for 360.46 million shares under the public portion.

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