PETALING JAYA: TMK Chemical Bhd
, slated to be listed on the Main Market of Bursa Malaysia on Dec 12, announced that the 20 million initial public offering (IPO) shares made available for application by the Malaysian public have been oversubscribed by over 14 times.
In a filing with Bursa Malaysia yesterday, the company said it received 14,739 applications for 305,549,900 IPO shares, with a total value of RM534.7mil, representing an overall oversubscription rate of 14.28 times.
