KUALA LUMPUR: Oriental Kopi Holdings Bhd
’s initial public offering (IPO) was oversubscribed by 59.96 times ahead of its upcoming listing on the ACE Market of Bursa Malaysia, scheduled for Jan 23.
The cafe operator, in a statement, said it received a total of 66,041 applications for 3.65 billion issue shares valued at RM1.609bil from the Malaysian public, representing an overall oversubscription rate of 59.96 times.
