KUALA LUMPUR: ACE Market-bound MSB Global Group Bhd
’s initial public offering (IPO) of 30.50 million shares allocated for the Malaysian public has been oversubscribed by 6.46 times.
The company said a total of 4,849 applications for 227.41 million issue shares worth RM45.48mil were received from the public, representing an overall oversubscription rate of 6.46 times.
“For the bumiputra portion, 2,129 applications for 60.74 million issue shares were received, representing an overall oversubscription rate of 2.98 times.
“As for the non-bumiputra portion, a total of 2,720 applications for 166.67 million issue shares were received, which represents an oversubscription rate of 9.93 times,” said the exclusive distributor of GSP-branded automotive parts and components in a statement. — Bernama
