BWYS initial public offering oversubscribed

PETALING JAYA: BWYS Group Bhd’s initial public offering (IPO) has been oversubscribed by 48.51 times ahead of its listing on the ACE Market of Bursa Malaysia on July 22.

In a statement, the sheet metal products manufacturer and scaffolding supplier said its IPO comprised 1.03 billion ordinary shares, featuring a public issue of 256.30 million new ordinary shares at an issue price of 22 sen per share.