Ocean Fresh IPO exercise oversubscribed

From left: Ocean Fresh Bhd non-independent non-executive director Datuk Seri Chia Hooi Huak, Ocean Fresh executive director Teo Chee Han, Ocean Fresh executive director Siang Hai Yong, KAF Investment Bank CEO Rohaizad Ismail and KAF Investment Bank corporate finance director Yap Chin Fatt.

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