KUALA LUMPUR: Carlo Rino Group Bhd
’s initial public offering was oversubscribed by 18.43 times ahead of its listing transfer from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd.
Carlo Rino, in a statement, said a total of 13,395 applications for 949.87 million issue shares were received from the Malaysian public, resulting in an overall oversubscription rate of 18.43 times.
