KUALA LUMPUR: Metro Healthcare Bhd
's initial public offering (IPO), which involved 156.63 million shares offered to the Malaysian public at an issue price of 25 sen, has been oversubscribed 38.60 times.
The company announced that of the offered shares, 24.47 million were allocated to the Malaysian public, 9.79 million to eligible directors and employees, and 122.36 million through private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry.
