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Kawan Renergy’s IPO oversubscribed by 94.99 times

KUALA LUMPUR: Kawan Renergy Bhd’s initial public offering (IPO) has been oversubscribed by 94.99 times.

The engineering-solutions provider, which is slated to list on the ACE Market of Bursa Malaysia on May 29, stated the 19.3 million shares made available for application by eligible persons was also fully subscribed.

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kawanrenergy , ipo , acemarket , engineering , renewableenergy , cogeneration , powersupply

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