WTEC’s IPO oversubscribed by 1.61 times


PETALING JAYA: ACE Market-bound WTEC Group Bhd’s initial public offering (IPO) of 24 million shares allocated to the Malaysian public, at 25 sen a piece, has been oversubscribed by 1.61 times.

The foam and non-foam products manufacturer saidit received 2,055 applications for 62.69 million shares, valued at approximately RM15.67mil.

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