The company's public portion shares was oversubscribed by 97.72 times.
PETALING JAYA: 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, slated 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 RM1.61bil from the public, representing an overall oversubscription rate of 59.96 times.
