KUALA LUMPUR: ACE Market-bound Northeast Group Bhd's issue of 37 million shares to the Malaysian public has been oversubscribed by 73.42 times, according to the Malaysian Issuing House Sdn Bhd.
In a statement, the issuing house said a total of 29,702 applications for 2.75 billion issue shares with a value of RM1.38bil were received from the Malaysian public for the public portion of the initial public offering (IPO).
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