KUALA LUMPUR: The public portion of Sarawak-based telecommunications company Reach Ten Holdings Bhd
's initial public offering (IPO) has been oversubscribed by 1.85 times, ahead of its scheduled listing on the Main Market of Bursa Malaysia on May 2, 2025.
The company said in a statement today that it received a total of 2,706 applications for 142.65 million new shares, exceeding the 50 million shares allocated for public subscription.
