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Markets

Ocean Fresh’s IPO oversubscribed 76.22 times

KUALA LUMPUR: ACE Market-bound frozen seafood company, Ocean Fresh Bhd’s initial public offering (IPO) has been oversubscribed by 76.22 times.

The group’s IPO exercise consists of issuing 50.05 million new ordinary shares at an issue price of 28 sen per share. It is expected to be listed on July 4, 2024 on Bursa Malaysia.

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Ocean Fresh , IPO , ACE Market , Bursa Malaysia

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