Well Chip public offering oversubscribed 12.87 times

KUALA LUMPUR: The public issue of Well Chip Group Bhd's initial public offering has been oversubscribed 12.87 times.

In a statement, Malaysian Issuing House Sdn Bhd said a total of 13,057 applications for 416.12 million IPO shares were received for the 30 million shares made available for application by the Malaysian public.