Main Market-bound Azam Jaya IPO oversubscribed by 23 times


KUALA LUMPUR: Azam Jaya Bhd’s initial public offering (IPO) has been oversubscribed 23 times, ahead of its listing on the Main Market of Bursa Malaysia Securities Bhd.

In a filing with Bursa Malaysia today, Azam Jaya executive director Datuk Jessica Lo said the oversubscription to the group's IPO affirmed the market’s confidence in its business strategies.

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