KUALA LUMPUR: The public issue of Kucingko Bhd’s initial public offering (IPO) of 25 million shares made available for the public has been oversubscribed 99.02 times.
In a statement, the Malaysian Issuing House Sdn Bhd said a total of 21,929 applications for 2.5 billion issue shares were received from the public.
For the bumiputra portion, a total of 7,242 applications for 822.43 million issue shares were received, representing an oversubscription rate of 64.79 times.
Meanwhile, 14,687 applications for 1.68 billion issue shares were received under the other Malaysian public portion, representing an oversubscription rate of 133.25 times.
Kenanga Investment Bank Bhd
, the principal adviser, sponsor, underwriter and placement agent, has also confirmed that the 65 million issue shares and 100 million offer shares made available for application by way of private placement have been fully placed out.
