KUALA LUMPUR: ACE Market-bound Chemlite Innovation Bhd’s initial public offering (IPO) has been oversubscribed by 28.41 times.
In a statement, the engineering support services provider said it received 9,288 applications for 882.28 million issue shares worth RM220.57 million from the Malaysian public, reflecting an oversubscription rate of 28.41 times.
