ACE Market-bound WTEC's IPO oversubscribed 1.61 times


KUALA LUMPUR: WTEC Group Bhd’s initial public offering (IPO) has been oversubscribed by 1.61 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on April 29, 2025. 

The IPO involves issuing 90.2 million new shares at 25 sen each to raise RM22.5 million, representing 18.8 per cent of the enlarged share capital of 480 million shares.

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WTEC , IPO , Bursa , Alliance Islamic Bank , Tan Kok Kheng

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