UUE's IPO oversubscribed by 103.83 times

KUALA LUMPUR: Underground utilities engineering solutions company, UUE Holdings Bhd, en route to a listing on the ACE Market of Bursa Malaysia on July 2, has received an overwhelming response for its initial public offering (IPO), with an oversubscription rate of 103.83 times.

The company said a total of 25,019 applications for 3.19 million shares with a value of RM765.24 million were received from the Malaysian public.