KUALA LUMPUR: PMCK Bhd
’s initial public offering (IPO) has been oversubscribed by 1.87 times for the Malaysian public portion, ahead of its listing on the ACE Market of Bursa Malaysia on July 9.
The company said it has received a total of 2,512 applications for 156.25 million IPO shares worth RM34.37 million from the Malaysian public, which represented an overall oversubscription rate of 1.87 times.
"For the Bumiputera public portion, a total of 993 applications for 23.09 million IPO shares were received, where the balance has been clawed back and re-allocated to the public (portion),” it said in a media statement.
PMCK said 43.62 million IPO shares made available for application by the eligible persons have also been fully subscribed, while 136.32 million IPO shares by way of private placement to Bumiputera investors approved by MITI have been fully placed out after applying the relevant clawback and reallocation provisions as set out in PMCK’s prospectus.
"Furthermore, 38.12 million IPO shares and 32.72 million existing shares by way of private placement to selected investors have been fully placed out,” it added.
The notices of allotment will be posted to all successful applicants on July 7, 2025. - Bernama
