ACE Market-bound LSH Capital's IPO oversubscribed by 11.88 times

KUALA LUMPUR: ACE Market-bound Lim Seong Hai Capital Bhd's (LSH Capital) initial public offering (IPO) of 16.77 million shares allocated for the Malaysian public has been oversubscribed by 11.88 times. 

In a filing with Bursa Malaysia, the construction and engineering firm said 7,978 applications for 215.91 million shares were received from the Malaysian public.